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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

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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 of $15,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Not yet due 1 to 30 days past due Uncollectible $840,000 336,000 67, 20 33,600 13,440 1.20 1.95 6.45 32.50 67.00 31 to 60 days past due 61 to 90 days past due Over 90 days past due 3. On June 30 of the next year, Jarden concludes that a customer's $4,300 receivable is uncollectible and the account is writter Does this write off directly affect Jarden's net income? TTT Affects Jarden's net income No

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