Question: Please fill out the two tables below. The question starts on the last screenshot Safari File Edit View History Bookmarks Window Help 8 57% Mon

Please fill out the two tables below. The question starts on the last screenshot

Please fill out the two tables below. ThePlease fill out the two tables below. ThePlease fill out the two tables below. The
Safari File Edit View History Bookmarks Window Help 8 57% Mon 10:23 PM Q . . . ezto.mheducation.com * Home Content Question 6 - Wk 4 - Apply: Connect Homework [du... Search Results | Course Hero + Wk 4 - Apply: Connect Homework [due Day 7] i Saved Help Save & Exit Submit 6 Required information [The following information applies to the questions displayed below.] Part 2 of 2 Daley Company prepared the following aging of receivables analysis at December 31. Days Past Due 8.37 Total 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $635, 000 $409, 000 $103, 000 $49,000 $31, 000 $43, 000 points Percent uncollectible 28 38 6% 8% 118 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% 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 $13,300 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 $2,300 debit. Complete this question by entering your answers in the tabs below. Mc Graw Education MAR 4 15 TO 4 X Safari File Edit View History Bookmarks Window Help E {9 >3 '3 II) 57% [It Mon 10:23 PM Q 6 EE . . . ; 5 | O H ezto.mheducation.com 0 1 E? Wk 4 - Apply: Connect Homework [due Day 7] 0 Saved Help Save a Exlt Submit 0Required information 6 b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part 3. Assume the unadjusted balance in the Allowance for Doubtful Accounts is a $13,300 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 $2,300 debit. Part 2 of 2 Complete thls questlon by entering your answers In the tabs below. 8.37 points Req A Req B and C Estimate the balance of the Allowance for Doubtful Accounts assuming the company uses 4% of total accounts receivable to estimate uncollectibles, instead of the aging of receivables method. Estimated balance of allowance for unoollectibles l I | Hill Education Mc GD Graw ( Prev 6 of 12 iii NEXt > Safari File Edit View History Bookmarks Window Help 8 57% Mon 10:23 PM Q . . . ezto.mheducation.com * Home Content Question 6 - Wk 4 - Apply: Connect Homework [du... Search Results | Course Hero + Wk 4 - Apply: Connect Homework [due Day 7] i Saved Help Save & Exit Submit ! Required information 6 Journal entry worksheet 2 Part 2 of 2 Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $13,300 credit balance. 8.37 points Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Mc Graw 6 Hill Education MAR 4 15

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