Question: 8. help plz :) Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts recelvable.



Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts recelvable. Note: Enter "Percent uncollectible" answers as percent rounded to 2 decimal ploces. Required information Problem 7.3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the questions displaycd below] On December 31, Jarden Company'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. Problem 7-3A (Algo) Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts recelvable. Note: Enter "Percent uncollectible" onswers as percent rounded to 2 decimal ploces. 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. Problem 7-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 [The following information applles to the questions displayed below.] On December 31, Jarden Company'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. Problem 7-3A (Algo) Part 3 3. On June 30 of the next year, Jarden concludes that a customer's $3,000 recelvable is uncollectible and the account is written off. Does this write-off directly affect Jarden's net income
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