PLEASE EXPLAIN EVERYTHING

Required information [The following information applies to the questions displayed below. ] 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. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 820,000 Not yet due 1.20% 328,000 1 to 30 days past due 1.95 65,600 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 x 4 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. Estimated balance of allowance for uncollectibles I I Required information [The following information applies to the questions displayed below] 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. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 820,000 Not yet due 1.20% 328,000 1 to 30 days past due 1.95 65,600 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 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.) 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.) View transaction list Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits. Record entry Clear entry View general journal