# 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 DueTotal\$570,000Over 90\$30,00010%1 to 3031 to 6061 to 90Accounts receivable\$396,0001%\$90,0002 %\$36,000\$18,000Percent uncollectible5%7%a. Complete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accountsreceivable.b. Prepare the adjusting entry to record Bad Debts Expense using the estimate from part a. Assume the unadjusted balance in theAllowance for Doubtful Accounts is a \$3,600 credit.c. Prepare the adjusting entry to record bad debts expense using the estimate from part a. Assume the unadjusted balance in theAllowance for Doubtful Accounts is a \$100 debit.Complete this question by entering your answers in the tabs below. Req B and CReq AComplete the below table to calculate the estimated balance of Allowance for Doubtful Accounts using aging of accountsreceivable.AccountsPercentuncollectible (%)receivableNot due:X1 to 30:X31 to 60:X61 to 90:XOver 90:XEstimated balance of allowance for uncollectibles

Question
Step 1

a. Compute estimated balance of allowance for doubtful accounts using aging of accounts receivable method as shown below:

Step 2

b. Record the adjusting entry for bad debt expense using estimated unadjusted balance for allowance for uncollectible account as shown below:

Allowance for doubtful accounts show a credit balanc...

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