jarden

Ch Problem 9-3A Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the questions displayed below) Jarden Company has credit sales of $2,300,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $13,102. Jarden prepares a schedule of its December 31, 2017, accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here cember 31, 2017 counts Receivable Age Expected Percent S 460,000 184,000 36, 800 18,400 3, 680 Accounts Receivable Uncollectibl Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due 30.25 Over 90 days past due 0.75% 1.50 6.00 63.00 Problem 9-3A Part2 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017 View transaction list View journal entry worksheet