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Problem 9-3A (Static) Aging accounts receivable and accounting for bad debts LO P2, P3 Skip to question [The following information applies to the questions displayed

Problem 9-3A (Static) Aging accounts receivable and accounting for bad debts LO P2, P3

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[The following information applies to the questions displayed below.] On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age.

Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible
$ 830,000 Not yet due 1.25%
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

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