Jarden Company has credit sales of $2,500,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $19,540. 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. December 31, 2017 Accounts Receivable $ 500,000 200,000 Age of Accounts Receivable Not yet due Expected Percent Uncollectible 1.50% 40,000 1 to 30 days past due 31 to 60 days past due 2.25 6.75 20,000 4,000 61 to 90 days past due Over 90 days past due 34.00 71.00 Prepare the adjusting entry to record bad debts expense at December 31, 2017. View transaction list View journal entry worksheet No Date General Journal 1 Dec 31 Bad debts expense Allowance for doubtful accounts Debit Credit