Required intormation [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 $16,000. Jard prepares a schedule of its December 31 accounts receivable by age. Required: 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 . 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole Do not round intermediate calculations.) Journal entry worksheet 3. On June 30 of the next year, Jarden concludes that a customer's $5,200 receivable is uncollectible and the account is written off. Does this write off directly affect Jarden's net income