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Record the estimated bad debts

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Question - On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age.

Accounts Receivable $840,000 Not yet due Expected Percent Uncollectible 1.15%

Accounts Receivable 336,0001 to 30 days past due Expected Percent Uncollectible 1.90%

Accounts Receivable 67,20031 to 60 days past due Expected Percent Uncollectible 6.40%

Accounts Receivable 33,60061 to 90 days past due Expected Percent Uncollectible 32.25%

Accounts Receivable 13,440 Over 90 days past due Expected Percent Uncollectible 67.00%

Required - Record the Estimated Bad Debts.

Reference no: EM132767929

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