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 $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable Age of Accounts Receivable Not yet due 1 to 30 days past due Expected Percent Uncollectible $ 860,000 1.15% 344,000 1.90 68,800 34,400 13,760 31 to 60 days past due 6.40 61 to 90 days past due Over 90 days past due 32.25 67.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Accounts Receivable Percent Uncollectible (#.##%) Estimated Uncollectible Not due: 1 to 30: = 31 to 60: = 61 to 90: Over 90: Estimated balance of allowance for uncollectibles = $ 0 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 $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable Age of Accounts Receivable Not yet due Expected Percent Uncollectible $ 860,000 1.15% 344,000 1 to 30 days past due 1.90 68,800 31 to 60 days past due 6.40 34,400 13,760 61 to 90 days past due Over 90 days past due 32.25 67.00 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.) View transaction list Journal entry worksheet 1 Record the estimated bad debts. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry