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Required information [ The following information applies to the questions displayed below. ] On December 3 1 , Jarden Company's Allowance for Doubtful Accounts has

Required information[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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age.AccountsExpected PercenteBookPrintReferencesReceivableAge of Accounts ReceivableUncollectible$ 820,000Not yet due1.35%328,0001 to 30 days past due2.1065,60031 to 60 days past due6.6032,80061 to 90 days past due33.2513,120Over 90 days past due69.00Required:1. Compute the required balance of the Allowance for Doubtful Accounts at December31 using an aging of accounts receivable.Accounts ReceivablePercentUncollectible #.##%EstimatedUncollectibleNot due:1 to 30:31 to 60:61 to 90:Over 90:Estimated balance of allowance for uncollectibles

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