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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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