Dhapa !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 $14,000.Jarden prepares a schedule of its December 31 accounts receivable by age.AccountsReceivable$ 820,000328,000Age of Accounts ReceivableExpected PercentUncollectibleNot yet due1.30%1 to 30 days past due2.0565,60031 to 60 days past due6.5532,80013,12061 to 90 days past dueOver 90 days past due33.0069.003. On June 30 of the next year, Jarden concludes that a customer's $5,100 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?

Bad debt means where the amount receivable from debtor is not expected to realize and hence it…

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 $14,000. Jarden prepares a schedule of its December 31 accounts receivable by age. Accounts Receivable $ 820,000 328,000 Age of Accounts Receivable Not yet due 1 to 30 days past due Expected Percent Uncollectible 1.30% 2.05 65,600 31 to 60 days past due 6.55 32,800 61 to 90 days past due 33.00 13,120 Over 90 days past due 69.00 3. On June 30 of the next year, Jarden concludes that a customer's $5,100 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?