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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. Age of Expected Percent Uncollectible Accounts Receivable $860,000 344,000 68,800 34,400 13,760 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 1.20 1.95 6.45 32.50 67.00 Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31. Estimated Uncollectible Percent Accounts Uncollectible (#.0% ) Receivable Not due: X 1 to 30: x 31 to 60: x x 61 to 90: Over 90: $ Estimated balance of allowance for uncollectibles

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