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Safari File Edit View History Bookmarks Window Help Jarden Company has credit sales of $36 mlmon for year 2015.On December 31,2015, the componys Allowance for
Safari File Edit View History Bookmarks Window Help Jarden Company has credit sales of $36 mlmon for year 2015.On December 31,2015, the componys Allowance for Doubtful Accounts has an unadusted credit balance of $14.500, Jarden prepares a schedule of Its December 31, 2015, accounts recelvable by age. On the basis of past experience, ltestimates the percent of receivables In each age category that will become uncolectlble. This Information is summarized Age of Receivable Accounts Receivable Not yet due 125% 1 to 30 days past due 2.00 31 to 60 days past due 61 to 90 days past due 32.75 Over 90 days past due 12.50 points Required December 31, 2015, using the 1. Estimate the required balance of the Alowance for Doubtful Accounts at aging of accounts receivable method Percent uncollectible Estimated ounts Not due: 1 to 30: 31 to 60: 61 to 90: Over 90 Estimated balance of allowance for uncollectibles
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