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33 Part tot Required information The following information applies to the questions displayed below! On December 31, Jarden Cos Allowance for Doubtful Accounts has an

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33 Part tot Required information The following information applies to the questions displayed below! On December 31, Jarden Cos Allowance for Doubtful Accounts has an unadjusted credit balance of $15.500 Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected percent Accounts Receivable Accounts Receivable Uncollectible $160,000 Not yet due 1.154 344,000 1 to 30 days past due 1.90 68.000 31 to 60 days past due 6.40 34,400 51 to 90 days past due 32.25 13.760 Over 90 days bast de 57.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 Accounts tebalvale Percent Uncollectible (20%) Estimated Uncollectie Note 1 to 30 31 610 Our * Test 3 5sve Help Save & EX 68. de 34,400 13,760 31 TO D0 Bays past que 61 to 90 days past due Over 9e days past due 0.90 32.25 67.00 34 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.) Part 2 of 2 View transaction that Journal entry worksheet Record the estimated bad debts Norte debits before credits Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal 37 On January 1, the Matthews Band pays $67.200 for sound equipment. The band estimates it will use this equipment for four years and perform 200 concerts. It estimates that after four years it can sell the equipment for $1000 During the first year the band performs 45 concerts Compute the test year depreciation using the units oforoduction method Sedford for the con fate of Units of Production Chery precationen Dicono Cincetto Debrecenin 33 Part of Required information 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 $15,500, Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Lincollectible 5860,000 Not yet due 1.15$ 344.000 1 to 30 days past due 1.98 68,800 31 to 60 days past due 6.40 34,400 61 to 90 days past due 32.25 13,760 Over 90 days past due 67.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 Estimated Uncollectible Accounts Percent Receivable Uncollectible () Not due 1 to 30 31 to 80 61 to 20 Over 90 Estimated balance of allowance for uncollectibles $ View transaction list Journal entry worksheet

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