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ACCOUNTS RECEIVABLE my work ! Required information [The following information applies to the questions displayed below.) On December 31, Jarden Co's Allowance for Doubtful Accounts
ACCOUNTS RECEIVABLE
my work ! Required information [The following information applies to the questions displayed below.) On December 31, Jarden Co's Allowance for Doubtful Accounts has an unacjusted credit balance of 516,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible S 860,000 Not yet due 1.20% 344,000 1 to 30 days past due 1.95 68,800 31 to 60 days past due 6.45 34,482 61 to 90 days past due 32.50 33,760 Over 90 days past due 67.68 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 Estimated Uncollectible Il Accounts Percent Receivable Uncollectible (#.##%) Not due: 1 to 30 31 to 60 61 to 90: x Over 90: Estimated balance of allowance for uncollectibles IlIl X $ 0 Step by Step Solution
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