90 $220 Accounting for Receivables Page Continued 1) Bad debts Expense Tango's accounts Leceivable Ledger Provides the following aged Trial Balance at December 31, 2024 Customerd 0-30 days 31-bodaus 61-9 days +90 days Total Pederson $150 $250 $ 1150 _lolo logan soo 2750 3250 -Pratt 12000 8600 $1400 22000 Imball 975 975 Zack loa 1000 $ 16,265 $9320 $1400 *3000 $29,985 The sielated general ledger account balances ame! . Accounts Receivable Control account) $ 29985 Debit Allowance for Doubtful Accounts $ 900 Detit Pango estimates that the estimated percentage of uncollectible accounts. are as follows:- accounts between 0 and 30 days, 1%; accounts: between 31 and to days, 3%; accounts between 6 and 90 days, 5%; and accounts over 90 days old, 20%. Snabructions Prepare the adjusting entry to record the current year's bad debt! expense. (2) Accounts Receivable Transactions. Mega Cup Company Selts beverage supplies. The company has a rehan policy of 10 days from the date of Sale and uses the Perpetual inventory System. The following transactions occurred during the month of November: - (6) Accounts Receivable Transactions. Nov 4 Sold merchandise for $800 on account to Java Joe, terms 2/10, 1/30. The original cost of the merchandise to MegaCup was $300. Java Joe retomed goods with a selling Price of $100 and a Cost of $38. The goods are restored to inventore Received the correct payment from Java Joe Nov 8. - 14. Subuchon Prepare Journal Entries capa Company to record the transactions for Moca