I need a jornal entry for the estimated bad debts. Required information...
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Accounting
I need a jornal entry for the estimated bad debts.
Required information Problem 9-3A Aging accounts receivable and accounting for bad debts LO P2, P3 [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 $14,500 Jarden prepares a schedule of its December 31 accounts receivable by age. Age of Expected Percent Accounts Receivable Accounts Receivable Uncollectible 5.860,000 Not yet due 1.200 344,000 1 to 30 days past due 1.95 68,800 31 to 60 days past due 6.45 34,400 61 to 90 days past due 32.50 13,760 Over 90 days past due 67.00 Problem 9-3A Part 2 2. Prepare the adjusting entry to record bad debts exponte at December 31. (Round porcentage answers to nearest whole percent. Do not round Intermediate calculations.) View transaction to Journal entry worksheet 1 Record the estimated bad debts
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