Question: Answer please On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarder prepares a schedule of its December
Answer please

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarder prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible 5 840,000 Not yet due 1.35% 336,090 1 to 30 days past due 2.10 67,200 31 to 60 days past due 6.60 33,600 61 to 90 days past due 33.25 13,440 Over 90 days past due 69.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. Accounts Percent Estimated Receivable Uncollectible (#.##%) Uncollectible Not due: 1 to 30 31 to 60 61 to 90 Over 90: 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to ne Do not round Intermediate calculations.) View transaction list Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31
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