Required information Problem 7-3A Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the questions displayed below) On December 31, Jarden Cols Allowance for Doubtful Accounts has en unadjusted credit balance of $15,000. Jerden prepares a schedule of its December 31 accounts receivable by age. Required information Problem 7-3A Aging accounts receivable and accounting for bad debts LO P2, P3 (The following information applies to the questions displayed below.) On December 31, Jarden Co.'s Allowence for Doubtful Accounts has an unedjusted credit balance of $15.000. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expeoted Peroent Accounta Receivable Accounts Receivable Uncallectible $ 860,000 Not yet dae 1.35 344,00 I to 30 days past due 2.10 60,000 31 to 60 days put due 34,400 61 to 90 days past due 33.25 13,765 DAT 90 days past the 69.00 Accounts Receivable 8 860,000 344,000 68, BD 34,400 13,760 le of peoted Percent Recent Seceivable Uncollectible Not yet due 1.350 1 to 10 days past due 2.10 31 to co daya pant due 6.60 61 to 90 days past due 33.25 Omer 90 day pare due 69.00 6.40 Problem 7-3A Part 2 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round intermediate calculations.) Problem 7-3A Part 1 View transaction is Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 Journal entry worksheet Accounts Receivable Percent Uncollectible (ww%) Estimated Uncollectible Note: X Record the estimated bad debts. x 31 to 60 X = 61 to 90: Over 50 x x Note Enter debit betere credt Estimated balance of allowance for uncollectibles S 0 General Journal Debit Credit Date Dec 31 Record entry Clear entry View general joumal Required Information Problem 7-3A Aging accounts receivable and accounting for bad debts LO P2, P3 The following information applies to the questions displayed below! On December 31, Jerden Co.'s Allowance for Doubtful Accounts has an unedjusted credit belance of $15,000. Jarden prepares e schedule of its December 31 accounts receivable by age. haw at Expected the Accounts receivable account Hoceivable S160,000 Uncollectible do 1.554 344.900 1 to 30 days past de 2.10 E, 100 31 to 6 days past doo 6.60 34.400 61 to 90 days past de 33.25 13,360 Over on days part con 69.00 Required information Problem 7-3A Aging accounts receivable and accounting for bad debts LO P2, P3 The following formation applies to the questions alsplayed below On December 31, Jarden Co's Allowance for Doubtful Accounts has an unadjusted credit balance of S15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Aga of Ixpected Percent Recente recevoie acownte neceivable Oncollectible $860.003 Not yet due 1.354 24,00 Ito any part de 2.10 ca, 31 to 60 days part de 6.60 34,400 51 to 10 days put dan 33.25 13,763 Or 90 days peal 69.00 Problem 7-3A Part 2 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round Intermediate cakulations.) Problem 7-3A Part 1 View traction line Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. Percent Estimated Uncollectible 0.2% Uncollectible - Journal entry worksheet