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Required information Problem 9-3A Aging accounts receivable and accounting for bad debts LO P2, P3 (The following information applies to the questions displayed below.) On
Required information Problem 9-3A 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 $14,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $860,000 344,000 Expected Percent Uncollectible 1.200 1.95 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due 68,800 6.45 34,400 32.50 13,760 67.00 roblem 9-3A Part 3 On June 30 of the next year, Jarden concludes that a customer's $5.950 receivable is uncollectible and the account written off. Does this write off directly affect Jarden's net income? Affects Jarden's net ncome
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