Problem 7-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3

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On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a schedule of its December 31 accounts receivable by age.

Accounts Receivable	Age of Accounts Receivable	Expected Percent Uncollectible
$ 860,000	Not yet due	1.25%
344,000	1 to 30 days past due	2.00
68,800	31 to 60 days past due	6.50
34,400	61 to 90 days past due	32.75
13,760	Over 90 days past due	68.00

Journal entry worksheet

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
December 31