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Required Information Problem 9-3A (Algo) Aging accounts receivable and accounting for bed 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 bed 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% 344,00 1 to 30 days past due 68,888 31 to 60 days past due 34,482 61 to 90 days past due 13,760 Over 9e days past due 68.ee 2.ee 6.50 32.75 Problem 9-3A (Algo) Part 1 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Estimated Uncollectible Accounts Percent Receivable Uncollectible (#.##%) Not due: 1 to 30: 31 to 60 81 to 90 Over 90 Estimated balance of allowance for uncollectibles
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