Question: PLEASE HELP ASAP! Saved Required information [The following information applies to the questions displayed below.] Jarden Company has credit sales of $2,600,000 for year 2017.

PLEASE HELP ASAP!

PLEASE HELP ASAP! Saved Required information [The following information applies to the

questions displayed below.] Jarden Company has credit sales of $2,600,000 for year

Saved Required information [The following information applies to the questions displayed below.] Jarden Company has credit sales of $2,600,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $15,896. Jarden prepares a schedule of its December 31, 2017, accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here. December 31, 2017 Age of Accounts Receivable Expected Percent Uncollectible Accounts Receivable 520,000 208,000 Not yet due 1.00% 35 30 days past due 31 . 25 J.. pa 61 to 90 davs Over 90 days past due 20,800 ast due 31.50 65.00 4,160 es 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017. View transaction list 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017. View transaction list Journal entry worksheet 1 Record the estimated bad debts Note: Enter debits before credits. Date Debit General Journal Credit c 3 Clear entry View general journal Record entry

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