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 $16.000. Jarden prepares a schedule of its December 31 accounts receivable by age. Age or Expected Percent Accounts Receivable Accounts Receivable Uncollectible 3340,00 Not yet due 1.20% 336,000 1 to 30 days past due 1.95 67,200 11 to 60 days past due 6.45 33,600 61 to 90 days past due 32.50 13,440 over 90 days past due 07.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. AOLO Brico merce Un .. mated Ungold Not du X 1to3 X 131 to 60 61 100 X Over o Estimated balance of lowance for uncollectibles $ 0 (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 $16,000. 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 60 days past due 61 to 90 days past due Over 90 days past due Expected Percent Uncollectible 1.205 1.95 6.45 32.50 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