Question: plz help solve Required information Problem 9-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the
Required information Problem 9-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the questions displayed below) On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Expected Percent Receivable Age of Accounts Receivable Uncollectible $ 800,000 Not yet due 1.304 320,000 1 to 30 days past due 2.05 64,000 31 to 60 days past due 6.55 32,000 61 to 90 days past due 33.00 12,800 Over 90 days past due 69.00 Problem 9-3A (Algo) Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable, Estimated Uncollectible Accounts Percent Receivable Uncollectible (#.##%) Not due 1 to 30 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles
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