Required information [The following information applies to the questions displayed below) Jarden Company has credit sales of $2,800,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $19,660. Jarden prepares a schedule of its December 31, 2017, accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here. December 31, 2017 Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $560,000 Not yet due 1.200 224,000 1 to 30 days past due 1.95 44.800 31 to 60 days past due 6.45 22,400 61 to 90 days past due 32.50 4,480 Over 90 daye past due 67.00 Required: 1. Estimate the required balance of the Allowance for Doubtful Accounts at December 31, 2017, using the aging of accounts receivable method. Estimated Uncollectible Accounts Percent Receivable Uncollectible (88%) Not due 1 to 30 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017 View transaction list Journal entry worksheet Record the estimated bad debts Note: Enter debit before credits General Journal Date Dec 31 Debit Credit Record entry Clear entry View general Journal