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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

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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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 800,000 320,000 64,000 32,000 12,800 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 1.208 1.95 6.45 32.50 67.00 3. On June 30 of the next year, Jarden concludes that a customer's $3,350 receivable is uncollectible and the account is written off. Does this write off directly affect Jarden's net income? Affects Jarden's net income

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