Business, 10.12.2019 01:31 kainagoicoowntpi

Jarden company has credit sales of $2,800,000 for year 2018. on december 31, 2018, the company’s allowance for doubtful accounts has an unadjusted credit balance of $19,474. jarden prepares a schedule of its december 31, 2018, accounts receivable by age. on the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. this information is summarized here. december 31, 2018 accounts receivable age of accounts receivable expected percent uncollectible
$560,000 not yet due 0.85%
224,000 1 to 30 days past due 1.60
44,800 31 to 60 days past due 6.10
22,400 61 to 90 days past due 30.75
4,480 over 90 days past due 64.00
1. estimate the required balance of the allowance for doubtful accounts at december 31, 2018, using the aging of accounts receivable method.

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Jarden company has credit sales of $2,800,000 for year 2018. on december 31, 2018, the company’s all...

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