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 5 840,000 336,000 67,200 33,600 13,440 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Expected Percent Uncollectible 1.15% 1.90 6.40 32.25 67.be 26 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable Accounts Percent Recevablo Uncollectible (8) Not due S 840,000 x 1.15% = 1 to 30 336,000 1.90% = 31 to 60 67,200 x 6.40% 61 to 90 33,600 x 32.25% Over 90 13,440 x 67.00% Estimated balance of allowance for uncollectibles Estimated Uncollectible $ 10,080 6,384 4,301 10,836 9,005 $ 40,606 credit 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 $ 840,000 336,000 67,200 33,600 13,440 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 68 days past due 61 to 90 days past due Over 90 days past due Expected Percent Uncollectible 1.15% 1.90 6.40 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 debit before credits Debit Credit Date Dec 31 General Journal Bad debts expense Allowance for doubtful accounts