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 $14,500. Jarden prepares a schedule of its December 31 accounts recelvable by age. Accounts Receivable $ 880,000 352,000 70,400 35,200 14,080 Age of Accounts Receivable Not yet due 1 to 30 days past due 31 to 60 days past due 61 to 90 days past due Over 90 days past due Expected Percent Uncollectible 1.25% 2.00 6.50 32.75 68.00 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.) Answer is complete but not entirely correct. No Date General Journal Debit Credit December 31 Bad debts expense 43,664 O Allowance for doubtful accounts 29,164 0

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