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8 Required information Problem 9-3A Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the questions displayed below)

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8 Required information Problem 9-3A 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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 340,000 Not yet due 1.2% 336,000 1 to 30 days past due 1.95 67,200 31 to 60 days past de 33,600 61 to 90 days past due 32.50 13,440 Over 90 days past due 67.00 Problem 9-3A 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.) Journal entry worksheet Record the estimated bad debts Debit General Journal Credit Date

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