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Use the following information for the Exercises below. [The following information applies to the questions displayed below Daley Company prepared the following aging of receivables analysis at December 31 Days Past Due Over 90 31 to 60 $37,000 6% 61 to 90 Total 1 to 30 $31,000 $397,000 2% $19,e00 8% $575,000 $91,000 Accounts receivable Percent uncollectible 11% 3% 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 $3,700 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 $200 debit. Complete this question by entering your answers in the tabs below. Req B and C Req A 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: Over 90 X Estimated balance of allowance for uncollectibles Req B and C Use the following information for the Exercises below. [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 1 to 30 31 to 60 61 to 90 Over 90 Accounts receivable $575,000 $397,000 2 % $91,0ee $37,e0e $19,0e0 $31,000 Percent uncollectible 3% 6% 8 % 11% Exercise 9-9 Percent of receiveables method L P3 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 $12.100 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 $1,100 debit. Required information Complete this question by entering your answers in the tabs below. 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 uncollectibles Reg Req B and C >