4151617 Finish attempt E8-2A Stat eBook Print 2 Pac Mer out of 12.00 Festion Balance Noncollection Credit Losses Based on Accounts Receivable Hunter, Inc. analyzed its accounts receivable balances at December 31, and arrived at the aged balances listed below along with the percentage that is estimated to be uncollectible Probabilty of Age Group 0-30 days pet dhe 550.000 31 days andur 20.000 2 01.120 days due 11.000 121.16 de De 10 days 3.000 59 6.000 TON 6000 The company handles credit fosses using the allowance method. The credit balance of the lowance for Doubtful Accounts is 5820 on December 31, before any adjustments 2. Prepare the adjusting entry for estimated credit losses on December 31 b. Prepare the foumal entry to write all the Rose Company's account on April 10 of the following year in the amount of $650 GTV SO 888 21 90 OD $ % & N 3 0 > 3 A 5 7 8 9 9 0 Q W E R T Y U OP Odaya patut 6.000 5111000 me company handles credit tosses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $120 on December 31, before any adjustments. 1. Prepare the adjusting entry for estimated credit losses on December 31 b. Prepare the journal entry to write off the Rose Company's account on April 10 of the following year in the amount of 5650. Date Credit General Journal Description Dec. Bad Debts Expense Allowance for Doubt Accounts To record lowance for credit ses Debit GRON COM x Date Debit Credit General Journal Description Apr 16 Allowance for Doubtful Accounts Accounts Receivable-Rose Company w To write of Rose Company's account 1225 680 x Check You have correctly selected art00/12.00 C 19 otv ON SO PAN Dll