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Required Information Problem 9-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 (The following information applies to the questions displayed below.)
Required Information Problem 9-3A (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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 820,000 328,000 Expected Age of Accounts Percent Receivable Uncollectible Not yet due 1.209 1 to 30 days past 1.95 due 31 to 60 days 6.45 past due 61 to 90 days 32.50 past duc Over 90 days past due 67.00 65,600 32,800 13,120 Problem 9-3A (Algo) Part 3 3. On June 30 of the next year, Jarden concludes that a customer's $5.450 receivable is uncollectible and the account Is written off. Does this write-off directly affect Jarden's net income? Does this write-off directly affect Jarden's net income
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