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O Required Information (The following information applies to the questions displayed below.) On December 31,...

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Accounting

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O Required Information (The following information applies to the questions displayed below.) On December 31, Jarden Co's Allowance for Doubtful Accounts has an unadjusted credit balance of $15,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 820,000 Not yet due 1.158 328,000 1 to 30 days past due 1.90 65,600 31 to 60 days past due 6.40 32,800 61 to 90 days past due 32.25 13,120 Over 90 days past due 67.00 3. On June 30 of the next year, Jarden concludes that a customer's $5,500 receivable is uncollectible and the account is written off. Does this write off directly affect Jarden's net income? Affects Jarden's net income

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