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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
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 $15.500. Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible $ 800,000 Not yet due 1.209 320,000 1 to 30 days past due 1.95 64,000 31 to 60 days past due 6.45 32,000 61 to 90 days past due 32.50 12,800 Over 90 days past due 67.00 os 2. Prepare the adjusting entry to record bad debts expense at December 31. (Round percentage answers to nearest whole perce Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 Record the estimated bad debts. Note: Enter debits before credits General Journal Debit Credit Date Dec 31
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