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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 Expected Percent Receivable Age of Accounts Receivable Uncollectible $ 860,000 Not yet due 1.25% 344,882 1 to 30 days past due 68,800 31 to 60 days past due 6.50 34,480 61 to 90 days past due 32.75 13,760 Over 90 days past due 68.ee 2.ee Problem 9-3A (Algo) Part 2 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round intermediate calculations.) View transaction et Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal
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