On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of Problem 7-3A $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Aging accounts receivable and accounting for bad debts Accounts Age of Expected Percent P2 P3 Receivable Accounts Receivable Uncollectible $830,000 Not yet due 1259 254,000 1 to 30 days past due 2.00 86,000 31 to 60 days past due 6.50 38,000 61 to 90 days past due 32.75 12,000 Over 90 days past due 68.00 Required 1. Compute the required balance of the Allowance for Douitful Accounts at December 31 using an aging of accounts receivable. 2. Prepare the adjusting entry to record bad debts expense at December 31. Check (2) Dt. Bad Debts Expense, $27.150 Analysis Component 3. On June 30 of the next year, Jarden concludes that a customer's $4,750 receivable is uncollectible and the account is written off. Does this write-off directly affect Jarden's net income