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		Age of Accounts Receivable	Expected Percent Uncollectible
$	800,000	Not yet due	1.30	%
	320,000	1 to 30 days past due	2.05
	64,000	31 to 60 days past due	6.55
	32,000	61 to 90 days past due	33.00
	12,800	Over 90 days past due	69.00

Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31.

	Accounts Receivable		Percent Uncollectible (#.##%)		Estimated Uncollectible
Not due:		x		=
1 to 30:		x		=
31 to 60:		x		=
61 to 90:		x		=
Over 90:		x		=
Estimated balance of allowance for uncollectibles					$0

2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole percent. Do not round intermediate calculations.)

3. On June 30 of the next year, Jarden concludes that a customers $5,600 receivable is uncollectible and the account is written off. Does this write off directly affect Jarden's net income?