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 $16,500 Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible $ 860,000 *344,000 Not yet due 1.20% 1 to 30 days past due 1.95 68,800 34,400 6.45 31 to 60 days past due 61 to 90 days past due Over 90 days past due 32.50 13,760 67.00 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 (8.8%) Estimated Uncollectible Not due 1 to 30 31 to 60 61 to 90 Over 90 Estimated balance of allowance for uncollectibles On December 31, Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $16,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable Age of Accounts Receivable. Expected Percent Uncollectible $ 860,000 Not yet due 1.20% 344,000 1.95 68,800 6.45 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due 34,400 32.50 13,760 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 Record the estimated bad debts. Note: Enter debits before credits. Debit Credit Date December Record entry General Journal 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 $16,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 860,000 Age of Accounts Receivable Expected Percent Uncollectible Not yet due 1.20% 344,000 1 to 30 days past due 1.95 68,800 31 to 60 days past due 6.45 34,400 61 to 90 days past due Over 90 days past due 32.50 13,760 67.00 3. On June 30 of the next year, Jarden concludes that a customer's $3,500 receivable is uncollectible and the account is written off. Does this write-off directly affect Jarden's net income? Does this write-off directly affect Jarden's net income