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Required information {The following information applies to the questions displayed below.] On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance
Required information {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 $ 880,000 352,000 70, 400 35,200 14,080 Age of Expected Percent Accounts Receivable Uncollectible Not yet due 1.203 1 to 30 days past due 1.95 31 to 60 days past due 6.45 61 to 90 days past due 32.50 Over 90 days past due 67.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. Accounts Receivable Percent Uncollectible (#.##%) Estimated Uncollectible X Not due 1 to 30 X 31 to 60 X 61 to 90 X Over 90 X Estimated balance of allowance for uncollectibles
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