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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. Accounts Expected Percent Receivable Age of Accounts Receivable Uncollectible $ 860,000 Not yet due 1.204 344,000 1 to 30 days past due 1.95 68,800 31 to 60 days past due 6.45 34,400 61 to 90 days past due 32.50 13,76 Over 90 days past due 67.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable, Estimated Uncollectible Accounts Porcent Receivable Uncollectible (0.38%) Not due 1 10:30 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles 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. Accounts Expected Percent Receivable Age of Accounts Receivable Uncollectible S 860,000 Not yet due 1.28% 344,000 1 to 30 days past due 1.95 68,800 31 to 60 days past due 6.45 34,400 61 to 90 days past due 32.50 13,760 Over 90 days past due 67.00 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 Record the estimated bad debts. Note: Enter debits before credits Goneral Journal Debit Credit Dato December 31 3. On June 30 of the next year. Jarden concludes that a customer's $5,300 receivable is uncollectible and the account is written off Does this write-off directly affect Jarden's net income? Do this write-off dictly affect arden's net income

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