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Jarden Company has credit sales of $3,000,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance

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Jarden Company has credit sales of $3,000,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $23,100. Jarden prepares a schedule of its December 31, 2017 accounts receivable by age. On the basis of past experience, it estimates the percent of recelvables in each age category that will become uncollectible. This information is summarized here December 31, 2817 Accounts Receivable Age of Expected Percen Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 98 days past due Over 98 days past due Uncollectible 1.35% 2.10 6.60 33.25 $ 600,80e 240,000 48,000 24,880 4,see 69.00 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017 View transaction list Journal entry worksheet Record the estimated bad debts Note: Enter debits before credits ate General Journal Debit Credit Dec 31

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