Required Information [The following Information applies to the questions displayed below] On December 31, Jarden Company's...
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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 $15,500. Jarden prepares a schedule of its December 31 accounts receivable by age Accounts Receivable Age of Accounts Receivable Not yet due Expected Percent Uncollectible $840,000 1.30% 336,000 1 to 30 days past due 2.05 67,200 33,600 13,440 31 to 60 days past due 6.55 61 to 90 days past due Over 90 days past due 33.00 69.00 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 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 $15,500. Jarden prepares a schedule of its December 31 accounts receivable by age Accounts Receivable Age of Accounts Receivable Not yet due Expected Percent Uncollectible $840,000 1.30% 336,000 1 to 30 days past due 2.05 67,200 33,600 13,440 31 to 60 days past due 6.55 61 to 90 days past due Over 90 days past due 33.00 69.00 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
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