! Required information Problem 7-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 [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 $16,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 880,000 Age of Accounts Receivable Not yet due 1 to 30 days past due Expected Percent Uncollectible 1.20% 352,000 1.95 70,400 31 to 60 days past due 6.45 35,200 61 to 90 days past due 32.50 14,080 Over 90 days past due 67.00 Problem 7-3A (Algo) Part 2 2. Prepare the adjusting entry to record bad debts expense at December 31. Note: 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. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal