hstitute of Technology MBT 1100 - Accounting 1 COUNTING FOR RECEIVABLES (24 Marks) M. ACCOUNT Rad Debts Expense (maris o's accounts receivable leder provides the follow 0-30 days Customer Alderson Guest Logan e d trial balance Timball S220 $ 1.500 790 12,000 975 1,000 S16265 5250 Zack 500 8,600 Total $ 1750 1,010 3,250 $1,400 2.750 The related general ledger account balances are: Accounts Receivable control account)..... Allowance for Doubtful Accounts $9,320 $ 1.400 1.000 $ 3.000 $ 29,95 - Pango estimates that the estimated percepta funcollectible accounts are as follows accoun between 0 and 30 days, 1% accounts between 31 and wo days. 3% accounts between bi 5%; and accounts over 90 days old, 20%. $29.985 Debit 900 Debit ns1 and 60 days, 3%, accounts between 61 and 90 days, Instructions Prepare the adjusting entry to record the current year's bad debt expense