Required information Problem 7-3A (Static) 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. Accounts. Receivable Age of Accounts Receivable. Not yet due Expected Percent Uncollectible $830,000 1.25% 254,000 1 to 30 days past due 2.001 86,000 31 to 60 days past due 6.50 38,000 12,000 61 to 90 days past due. 32.75 Over 90 days past due 68.00 Problem 7-3A (Static) Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Not due: 1 to 30: 31 to 60: Accounts Receivable x Percent Uncollectible (#.##96) Estimated Uncollectible Problem 7-3A (Static) Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Accounts Receivable X Percent Uncollectible (#.##96) Not due: X 1 to 30: x 31 to 60: x 61 to 90 N Over 90: Estimated balance of allowance for uncollectibles x = = Estimated Uncollectible $ 0 Problem 7-3A (Static) Part 2 2. Prepare the adjusting entry to record bad debts expense at December 31. View transaction list Journal entry worksheet < 1 Record the estimated bad debts. Note: Enter debits before credits. Date December 31 General Journal Debit Credit