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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 $ 320,000 Not yet due 1.35% 320,000 1 to 30 days past due 2.10 65,600 31 to 60 days past due 6.60 32,500 61 to 90 days past due 33.25 13,120 Over 90 days past due 19.00 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 calculations.) View transaction list Journal entry worksheet 1 > Record the estimated bad debts. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal

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