Solstice Company determines on October 1 that it cannot collect $70,000 of its accounts recelvable from its customer, P, Moore. Apply the direct write-off method to record this loss as of October 1 Journal entry worksheet Required information The following information applies to the Guestions displdyed below] On December 31, Jarden Componys Allowance for Doubtful Accounts has an unadjusted credit balance of Sta,500 Jarden prepares a schedule of lis December 31 accounts recewable by age equired: Compute the required belance of the Allowance for Doubtrul Accounts ar December 31 using an aging of accounts receivable lequired: Compute the required balance of the Allowance for Doubtful Accounts at December 31 using an aging of accounts recelvabie. 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 3 accounts receivable by age. 2. Prepare the adjusting enty to record bad debts expense at December 31. (Round percentage answers to nearest whole percent Do not round intermediate calculations.) Journal entry worksheet 7 Graded Homework Kerorn the estimaten nan netrs. Note: Enter debits before credits..