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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
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 Not yet due Expected Percent Uncollectible $ 820,000 328,000. 65,600 1.28% 1 to 30 days past due 1.95 31 to 60 days past due 6.45 32,800 61 to 90 days past due 32.50 13,120 Over 90 days past due 67.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Note: Enter "Percent uncollectible" answers as percent rounded to 2 decimal places.
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