On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $16,000. Jarden prepares a schedule of its December 31 accounts receivable by age.

Accounts Receivable		Age of Accounts Receivable	Expected Percent Uncollectible
$	800,000	Not yet due	1.15	%
	320,000	1 to 30 days past due	1.90
	64,000	31 to 60 days past due	6.40
	32,000	61 to 90 days past due	32.25
	12,800	Over 90 days past due	67.00

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.)

1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 Estimated Uncollectible = X Accounts Percent Receivable Uncollectible (#.##%) Not due: 1 to 30: x 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles 11 X 11 Journal entry worksheet