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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

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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 $ 860,000 344,000 68,800 34,400 13,760 1.15% 1.90 31 to 60 days past due 61 to 90 days past due Over 90 days past due 6.40 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. Not due: 1 to 30: 31 to 60: 61 to 90: Accounts Receivable x x Percent Uncollectible (#.##%) Estimated Uncollectible Over 90: Estimated balance of allowance for uncollectibles =

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