Required information Problem 7-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 [The following information applies to the questions clisplayed 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 recelvable by age. 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. Required information Problem 7-2A (Algo) Estimating and reporting bad debts LO P2, P3 [The following information applies to the questions displayed below] At December 31, Hawke Company reports the following results for its calendar year. In addition, its unadjusted trial balance includes the following items. Accounts receivable Allowance for doubtful accounts $756,000debit$7,600debit Problem 7-2A (Algo) Part 3 An aging analysis estimates that 5% of year-end accounts receivable are uncollectible. Show how Accounts Receivable and the llowance for Doubtful Accounts appear on its December 31 balance sheet