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 $16,000. Jarden prepares a schedule of its December 31 accounts recelvable by age. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole not round intermediate calculations.) Journal entry worksheet Note Enter debits before rredits. 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.) Journal entry worksheet Record the estimated bad debts. Note: Enter debits before credits