Question
6 Part 1 of 3 44 oints Required information [The following information applies to the questions displayed below.] On December 31, Jarden Company's Allowance
6 Part 1 of 3 44 oints Required information [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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Accounts Receivable. Not yet due 1 to 30 days past due Expected Percent Uncollectible. Accounts Receivable. $880,000 352,000 1.20% 1.95 70,400 31 to 60 days past due 6.45 35,200 14,080 61 to 90 days past due Over 90 days past duel 32.50 67.00 eBook Print Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Accounts Receivable Percent Uncollectible (#.##%) Estimated Uncollectible Preferences Net die 1 to 30: 31 to 60 61 to 90: Over 90: Estimated balance of allowance for uncollectibles $ 0
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