Required information The following information applies to the questions displayed below) On December 31, Jarden...
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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 on unadjusted credit balance of $15,000 Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 880,000 352,000 70,400 35,200 14,080 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Expected Percent Uncollectible 1.30 2.05 6.53 33.00 69.00 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.)
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