On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 880,000 352,000 70,400 35,200 14,080 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 1.25% 2.00 6.50 32.75 68.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Estimated Uncollectible Accounts Percent Receivable Uncollectible (8%) Not due: 1 to 30 31 to 60 61 to 90: Over 90 Estimated balance of allowance for uncollectibles xxxxx 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answer: Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 Record the estimated bad debts. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal 3. On June 30 of the next year, Jarden concludes that a customer's $4,300 receivable is uncollectible and the account is written off. Does this write-off directly affect Jarden's net income? Does this write-off directly affect Jarden's net income