Secure https/newconnect.mheducation.com/flow/connect.htm “Graded Homework 0 Requ

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Secure https/newconnect.mheducation.com/flow/connect.htm “Graded Homework 0 Required information The tolowing information applies to the questions displayed below Jarden Company has credit sales of $2:00.000 for year 2017 On December 31, 2017, the company's Allowance for Dottu Accorts has an unad usted ciedt baance of $12941 Jarden prepares accouns recevable by age·Onthe basis of past experience. est mates the percent of receivables in each age category that will become uncolecible. This informarion is summarized here a schedule of its December 31 2017 1 to 30 days past oue t0 90 days past due Over e days past 12.25 3,34 Required 1 Exumets the requred belance of tho Aloweance for Doutluli Accounts at Decemper 31, 2017.using the aging of eccounts recevable

Explanation / Answer

Accounts receivable % uncollectible Estimated uncollectible Not due $    420,000.00 1.15% $    4,830.00 1-30 $    568,000.00 1.90% $ 10,792.00 31-60 $      11,600.00 6.40% $        742.40 61-90 $      16,000.00 12.25% $    1,960.00 over 90 $         3,360.00 67.00% $    2,251.20 Estimated balance of uncollectibles $ 20,575.60 (Please check the figures from question. I have best tried to pick the figures from question. Please let me know in case they are different)

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