Allowance for doubtful accounts. $1.270.100 debit 16.580 den E Received SA 1. In adjusting will be uncol Required any to recognize bad debts under each of the foll tequired Prepare journal nents to record Ilowance met Dense: 085 Prepare the adjusting entry for this company to pendent assumptions. Bad debts are estimated to be 1.5% of credit sales b. Bad debts are estimated to be 1% of total sales. C. An aging analysis estimates that 5% of year- 2. Show how Accounts Receivable and the Allow 2017, balance sheet given the facts in part la. 2 Show how Accounts Receivable and the Allowance for Doubtful 2017, balance sheet given the facts in part lc. of year-end accounts receivable are uncollectible be Allowance for Doubtful Accounts appear ons De The following the fol 16 for Doubtful Accounts appear on its Deco A its Dec. 16 or A 31 M 017. On December 31, 2017, the web. 2017 is has an unadjusted credit balance of 14.00. Jarden prepares asar 2 vable and landen Company has credit sales of $3,600,000 for year 2017. On December 21 Allowance for Doubtful Accounts has an unadiusted eredith its December 31, 2017, accounts receivable by age. On the basis of past experience of receivables in each age category that will become uncollectible. This information is su past experience, it estimates the mimar 17 Apr. 16 May 31 Aug. 7 December 31, 2017, Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $830,000 Not yet due 1.25% uly 16 254.000 1 to 30 days past due 2.00 86,000 31 to 60 days past due 6.50 38,000 61 to 90 days past due 32.75 Sep. 12.000 Over 90 days past due 68.00 Nov. Nov. Required Dec. 1. Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2016 the aging of accounts receivable method. Reqy 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017. Analysis Component Anc S. On June 30, 2018, Jarden Company concludes that a customer's $4,750 receivable (created the account should be written off. What effect will this action have on 2018 net income? Explain. 4,750 receivable (created in 2/2. company began operations on January 1, 2016. During its first two years, the company Com A a number of transactions involving sales on credit accounts receivable collections, and bad transactions are summarized as follows. accounts receivable collections, and bad debts. 2016 a. Sold $1.345.434 of merchandise (that had cost $975,000) on credit, terms n/30. b. Wrote off $18,300 of uncollectible accounts receivable. c. Received 5669.200 cash in nam dIn