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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
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 $14,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 860,000 344,000 68,800 34,400 13,760 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 Accounts Receivable X Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. X Percent Uncollectible (#.##%) Not due: 1 to 30. 31 to 60: 61 to 90: Over 90: Estimated balance of allowance for uncollectibles X Expected Percent = Uncollectible 1.15% 1.90 6.40 32.25 67.00 $ Estimated Uncollectible 0 K
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