Business, 23.04.2021 15:10, miajustina123

Problem 7-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 Skip to question [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 $15,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible $ 880,000 Not yet due 1.15 % 352,000 1 to 30 days past due 1.90 70,400 31 to 60 days past due 6.40 35,200 61 to 90 days past due 32.25 14,080 Over 90 days past due 67.00 Problem 7-3A (Algo) Part 2 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.)

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Problem 7-3A (Algo) Aging accounts receivable and accounting for bad debts LO P2, P3 Skip to questio...