1 3 points eBook Hint Print References ! Required information [The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 31 to 60 $36,000 Accounts receivable Percent uncollectible Total 0 $570,000 $ 396,000 1% Req A 1 to 30 $ 90,000 Req B and C Complete this question by entering your answers in the tabs below. 2% a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,000 credit. 5% c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 debit. 61 to 90 $ 18,000 7% Over 90 $ 30,000 10% Req B and C > Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4.5% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for uncollectibles Check

Required information [The following information applies to the questions displayed below] Daley Company prepared the following aging of receivables analysis at December 31. a. Estimate the balance of the Aliowance for Doubtful Accounts assuming the company uses 4.5% of total accounts recelvable to estimate uncollectibles, instead of the aging of receivables method. b. Prepare the ndjusting entry to record bod debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $12,000 credit C. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $1,000 debit. Complete this question by entering your answers in the tabs below. Estimate the balance of the Alowance for Doubthyl Accouns aswining the company uses 4.546 of total accounts receivable to estimate uncoliectibles, instesd of the aging of receivables methed