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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. 2. Prepare the adjusting entry to record bad debts expense at December 31. Note: Round percentage answers to nearest whole percent. Do not round intermediate calculations. Journal entry worksheet Note: Enter debits before credits. Mayfair Company completed the following transactions and uses a perpetual inventory system. June 4 Sold $2,700 of merchandise on credit (that had cost $1,600 ) to Natara Morris, terms n/15. June 5 Sold $30,000 of merchandise (that had cost $18,000 ) to customers who used their Zisa cards. Zisa charges a 1% fee. June 6 sold $21,000 of merchandise (that had cost $12,600 ) to customers who used their Access cards. Access charges a 3% fee. June 8 Sold $18,000 of merchandise (that had cost $2,900 ) to customers who used their Access cards. Access charges a 2% fee. June 13 Wrote off the account of Abigail McKee against the Allowance for Doubtful Accounts. The $2,160 balance in McKee's account was from a credit sale last year. June 18 Received Morris's check in full payment for the June 4 purchase. Required: Prepare journal entries to record the preceding transactions and events. 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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. On June 30 of the next year, Jarden concludes that a customer's $4,900 receivable is uncollectible and the account is written off. es this write-off directly affect Jarden's net income? 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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. quired: Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable