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Required information [The following information applies to the questions displayed belowj Jarden Company has credit sales of $2,100,000 for year 2017. On December 31, 2017,

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Required information [The following information applies to the questions displayed belowj Jarden Company has credit sales of $2,100,000 for year 2017. On December 31, 2017, the company's Allowance for Doubtful Accounts has an unadjusted credit balance of $11,338. Jarden prepares a schedule of its December 31, 2017 accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here December 31, 2017 Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible $ 420,000 Not yet due 168,000 33,600 16,800 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due 0.80% 1.55 6.05 30.50 63.00 3,360 2. Prepare the adjusting entry to record bad debts expense at December 31, 2017 View transaction list Journal entry worksheet Record the estimated bad debts Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal

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