2 complete MODO CreditLosses Based on Credit Sales Lewis Company uses the allowance method for recording is expected credit losses it estimates credit losses at of credit sales which were $1.500.000 during the year. On December the Accounts Receivable balance was $650,000 and the Allowance for Doubtful Accounts had a credit balance of 560 200 before adjustment a. Prepare the adjusting entry to record the credits for the years o show how Accounts Receivable and the lowance for Doubtful Accounts would appear in the December 31 bulance sheet Data DUCH General Journal Description Debit Credit Ons with you DO