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ALLEIVABLES (14 Marks) 1) Bad Debts Expense (7 marks) Tango's accoun Customer Alderson Guest Logan Pratt Timball Zack ep's accounts receivable ledger provides the following

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ALLEIVABLES (14 Marks) 1) Bad Debts Expense (7 marks) Tango's accoun Customer Alderson Guest Logan Pratt Timball Zack ep's accounts receivable ledger provides the following aged trial balance at December 0-30 days 360 days6190 days 90 days $ 1,500 $ 220 500 12,000 790 975 8,600 $ 1,400 1,000 $ 16,265 $ 9,320 The related general ledger account balances are: Accounts Receivable (control account)........... Allowance for Doubtful Accounts ce at December 31, 2021 Total $ 250 $ 1.750 1,010 2.750 3,250 22.000 975 1.000 $3,000 $ 29,989 $ 1,400 Pango estimates that the estimated percentage of uncollectible accounts are between 0 and 30 days, 1%: accounts between 31 an 5%; and accounts over 90 days old, 20%. $ 29,985 Debit 900 Debit of uncollectible accounts are as follows: accounts 3%, accounts between 61 and 90 days, Instructions Prepare the adjusting entry to record the current year's bad debt expense

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