--General Journal Options:

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 $16,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits. Accounts payable Accounts receivable Allowance for doubtful accounts Bad debts expense Cash Cost of goods sold Credit card expense Delivery expense Factoring fee expense Interest receivable Interest revenue Merchandise inventory Notes payable Notes receivable Purchases Purchases discounts Sales discounts Sales returns and allowances Transportation in Wages expense . On June 30 of the next year, Jarden concludes that a customer's $4,600 receivable is uncollectible and the account is written off Does this write-off directly affect Jarden's net income