Problem 9-3A Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the questions displayed below] Jarden Company has credit sales of $2,500,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,940. Jarden prepares a schedule of its December 31, 2017, accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here. December 31, 2017 Age of Expected Percent Uncollectible Accounts Receivable Not yet ounts Receivable Not yet du 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due 500,000 0.80% 200,000 40,000 20,000 4,000 1.55 6.05 30.50 63.00 Problem 9-3A Part 2 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017