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On December 3 1 , Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $ 1 5 , 5 0 0 .

On December 31, Jarden Company'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.
Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible
$ 880,000 Not yet due 1.15%
352,0001 to 30 days past due 1.90
70,40031 to 60 days past due 6.40
35,20061 to 90 days past due 32.25
14,080 Over 90 days past due 67.00
2. Prepare the adjusting entry to record bad debts expense at December 31.
Note: Round percentage answers to nearest whole percent. Do not round intermediate calculations.

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