Jarden Company has credit sales of $3,000,000 for year 2018. On December 31, 2018, the companys Allowance for Doubtful Accounts has an unadjusted credit balance of $20,936. Jarden prepares a schedule of its December 31, 2018, 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, 2018 Accounts Receivable		Age of Accounts Receivable	Expected Percent Uncollectible
$	600,000	Not yet due	1.10	%
	240,000	1 to 30 days past due	1.85
	48,000	31 to 60 days past due	6.35
	24,000	61 to 90 days past due	32.00
	4,800	Over 90 days past due	66.00

Required Information [The following information applies to the questions displayed below.] Jarden Company has credit sales of $3,000,000 for year 2018. On December 31, 2018, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $20.936. Jarden prepares a schedule of its December 31, 2018, 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, 2018 Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 680,eee Not yet due 1.10% 240, eee 1 to 30 days past due 1.85 48,eee 31 to 60 days past due 6.35 24,880 61 to 90 days past due 32.ee 4,800 Over 90 days past due 66.00 2. Prepare the adjusting entry to record bad debts expense at December 31, 2018. View transaction list Journal entry worksheet