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 $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Problem 7-3A (Algo) Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable, Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts recelvable. 2. Prepare the acjusting entry to record bad debts expense at December 31, (Round percentage answers to nearest whole percent. Do not round intermediate calculations.) Journal entry worksheet 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 $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Problem 7-3A (Algo) Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable, Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts recelvable. 2. Prepare the acjusting entry to record bad debts expense at December 31, (Round percentage answers to nearest whole percent. Do not round intermediate calculations.) Journal entry worksheet