ek Saved Required information Problem 7-3A Aging accounts receivable and accounting for bad debts LO P2, P3 [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. Accounts Receivable $ 880,000 352,000 70,400 35,200 14,000 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 1.258 2.00 6.50 32.75 68.00 ances Problem 7-3A Part 2 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. Problem 7-3A Part 2 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers Do not round Intermediate calculations.) View transaction list Journal entry worksheet 1 Record the estimated bad debts. ces Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal de Required information Problem 7-3A Aging accounts receivable and accounting for bad debts LO P2, P3 [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. 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 1.250 2.00 6.50 32.75 68.00 Problem 7-3A Part 3 3. On June 30 of the next year, Jarden concludes that a customer's $3,600 receivable is uncollectible and the account is written off. Does this write off directly affect Jarden's net income? Affects Jarder's not income