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2. Prepare the adjusting entry to record bad debts expense at December 31. Note: Round...

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Accounting

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2. Prepare the adjusting entry to record bad debts expense at December 31. Note: Round percentage answers to nearest whole percent. Do not round intermediate calculations. Journal entry worksheet Note: Enter debits before credits. 3. On June 30 of the next year, Jarden concludes that a customer's $5,750 receivable is uncollectible and the account is written off. Does this write-off directly affect Jarden's net income? Required information [The following information applies to the questions displayed below.] On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age. equired: Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. lote: Enter "Percent uncollectible" answers as percent rounded to 2 decimal places

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