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Saved tps%253A% 2F%252Fnewconnect.mheducat Required information [The following information applies to the questions displayed below.] On December 31, Jarden Company's Allowance for Doubtful Accounts has
Saved tps%253A% 2F%252Fnewconnect.mheducat 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 $14,500. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable Age of Accounts Receivable Not yet due 1 to 30 days past due Expected Percent Uncollectible $ 860,000 344,000 68,800 34,400 13,760 1.35% 2.10 31 to 60 days past due 6.60 61 to 90 days past due: Over 90 days past due 33.25 69.00 Required: R 1. Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts receivable. Accounts Receivable Percent Uncollectible (#.##%) Estimated Uncollectible Not due: 1 to 30 31 to 60 61 to 90: Over 90 Estimated balance of allowance for uncollectibles 8 < Prev 14 15 16 of 35 Next >
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