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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 $15,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 800,000 320,000 Age of Accounts Receivable Not yet due 1 to 30 days past due Expected Percent Uncollectible 1.20% 1.95 64,000 32,000 12,800 31 to 60 days past due 6.45 61 to 90 days past due Over 90 days past due 32.50 67.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. Not due: 1 to 30: Accounts Receivable Percent Uncollectible (#.##%) Estimated Uncollectible 31 to 60: 61 to 90: X X X Over 90: Estimated balance of allowance for uncollectibles $
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