Problem 5-4B (Algo) Record transactions related to uncollectible accounts (LO5-4, 5-5) Niles Cosmetics provides plastic surgery primarily to hide the appearance of unwanted scars and other blemishes. During 2024, the company provides services of $392,000 on account. Of this amount, $42,000 remains uncollected at the end of the year. An aging schedule as of December 31, 2024, follows. Estimated Percent Age Group Not yet due 0 to 30 days past due 31 to 60 days past due More than 60 days past due Total Required: Amount Receivable Uncollectible $ 22,000 2% 9,200 5% 6,200 10x 4,600 20% $ 42,000 1. Calculate the allowance for uncollectible accounts. 2. Record the December 31, 2024, adjusting entry, assuming the balance of Allowance for Uncollectible Accounts before adjustment is $220 (debit). 3. On April 3, 2025, a customer's account balance of $320 is written off as uncollectible. Record the write-off. 4. On July 17, 2025, the customer whose account was written off in requirement 3 unexpectedly pays $100 of the amount but does not expect to pay any additional amounts. Record the cash collection.