of 3 {The following information applies to the questions displayed below.) On December 31, Jarden Co's Allowance for Doubtful Accounts has an unadjusted credit balance of $15,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 860,000 Not yet due 1.300 344,000 1 to 30 days past due 2.05 68,800 31 to 60 days past due 6.55 34,400 61 to 90 days past due 33.00 13,760 over 90 days past due 69.00 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round intermediate calculations.) Answer is complete but not entirely correct. No General Journal Date Dec 31 Debit Credit Bad debts expense 26,058 34,400 13,760 61 to 90 days past due Over 90 days past due 33.00 69.00 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole perc Do not round intermediate calculations.) No Date Debit Credit 1 Answer is complete but not entirely correct. General Journal Bad debts expense Allowance for doubtful accounts Bad debts expense Dec 31 26,058 26,058 Accounts Receivable $ 860,000 344,000 68,800 34,400 13,760 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 1.30% 2.05 6.55 33.00 69.00 *3 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. ut Estimated Uncollectible nces Accounts Percent Receivable Uncollectible (###%) Not due: $ 860,000 x 1.30% 1 to 30: 344,000 2.05% = 31 to 60 68,800 x 6.55% = 61 to 90: 34,400 x 33.00% = Over 90: 13,760 x 69.00% Estimated balance of allowance for uncollectibles $ O credit