Question: Saved Help Chapter 7 Assignment 6 O Required information [The following information applies to the questions displayed below.) Daley Company prepared the following aging of
Saved Help Chapter 7 Assignment 6 O Required information [The following information applies to the questions displayed below.) Daley Company prepared the following aging of receivables analysis at December 31. Part 1 of 2 Days Past Due 1 points Accounts receivable Percent uncollectible Total $640,000 $410,000 39 1 to 30 31 to 60 61 to 90 Over 90 $104,600 $50,000 $32, cea $44,000 44 7 99 124 llock 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 $5,000 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 $1,500 debit. Motorences Complete this question by entering your answers in the tabs below. RAGA Re Band Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accounts receivable Accounts Receivable Percent Uncollectible ( No due to 30
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