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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

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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 Allowance for Doubtful Accounts has an unadjusted credit balance of $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 820,000 Not yet due 1.35% 328,000 1 to 3 days past due 65,600 31 to 60 days past due 32,800 61 to 90 days past due 33.25 13,120 Over 90 days past due 69.00 2.10 6.60 Problem 7-3A Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 Accounts Receivable Percent Uncollectible (4.a) Estimated Uncollectible X Not due 1 to 30: 31 to 60 61 to 90 X Over 90 X Estimated balance of allowance for uncollectibles

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