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[The following information applies to the questions displayed below.] Daley Company prepared the following aging of receivables analysis at December 31.

				Days Past Due
	Total			0			1 to 30				31 to 60				61 to 90				Over 90
Accounts receivable	$	665,000		$	415,000			$	109,000			$	55,000			$	37,000			$	49,000
Percent uncollectible					2	%			3	%			6	%			8	%			11	%

Exercise 9-8 Aging of receivables method LO P3

a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable. 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 $5,500 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 $2,000 debit.

• Req A
• Req B and C

Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable.

	Accounts Receivable		Percent Uncollectible (%)
Not due:		x		=
1 to 30:		x		=
31 to 60:		x		=
61 to 90:		x		=
Over 90:		x		=
Estimated balance of allowance for uncollectibles

• Req A
• Req B and 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 $5,500 credit.

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 $2,000 debit.

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Journal entry worksheet

• Record estimated bad debts assuming that Allowance for Doubtful Accounts has a $5,500 credit balance.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31