[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 $16,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Accounts Receivable Not yet due 1 to 30 days past due Expected Percent Uncollectible Accounta Receivable $860,000 344,000 1.356 2.10 68,800 34,400 13,760 31 to 60 days past due 6.60 61 to 90 days past due Over 90 days past due 33.25 69.00 Required: 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 $ 0 (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 $16,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $860,000 Age of Accounts Receivable: Not yet due 1 to 30 days past due Expected Percent Uncollectible 1.356 344,000 2.10 68,000 31 to 60 days past due 6.60 34,400 13,760 61 to 90 days past due Over 90 days past due 33.25 69.00 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.) 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 $16,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 860,000 344,000 68,800 $34,400 13,760 Age of Accounts Receivable Not yet due Expected Percent Uncollectible 1.356 1 to 30 days past due 31 to 60 days past due 2.10 6.60 61 to 90 days past due Over 90 days past due 33.25 69.00 3. On June 30 of the next year, Jarden concludes that a customer's $3,750 receivable is uncollectible and the account is written off. Does this write-off directly affect Jarden's net income? Does this write-off directly affect Jarden's net income