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red below.) On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $16,000. Jarden prepares a schedule of its
red below.) On December 31, Jarden Company'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. Accounts Receivable. $ 800,000 320,000 Age of Accounts Receivable: Not yet due Expected Percent Uncollectible 1.30% 1 to 30 days past due 2.05 64,000 31 to 60 days past due 6.55 32,000 12,800 61 to 90 days past due Over 90 days past due 33.00 69.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable Accounts Receivable Not due: 1 to 30 31 to 60 61 to 90: x Percent Uncollectible (#.## %) Estimated Uncollectible Over 90 Estimated balance of allowance for uncollectibles
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