need just this 2nd part
Required information The following information applies to the questions displayed below.) Jarden Company has credit sales of $3,600,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. 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. Expected percent Uncollectible 1.250 December 31, 2017 Accounts Receivable $ 830,000 254,000 86,000 38,000 12,000 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Required: 1. Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2017, using the aging of accounts receivable method Estimated uncollectible 1 to 30: Accounts Percent uncollectible recevable B ) Not due: x- 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles Required information The following information applies to the questions displayed below.) Jarden Company has credit sales of $3,600,000 for year 2017. On December 31, 2017, the company's Allowance for its has an unadjusted credit balance of $14,500. 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 catego that will become uncollectible. This information is summarized here. December 31, 2017 Accounts Receivable $830,000 254,000 86,000 38,000 12,000 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Expected Percent Uncollectible 1.250 2.00 6.50 32.75 68.00 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017 View transaction list View journal entry worksheet No Date Debit Credit Dec 31 General Journal Bad debts expense Allowance for doubtful accounts 63,505 63,505