At December 31, Mueller Company had a balance of 5409,000 in its Accounts Receivable account and a credit balance of 54.200 in the Allowance for Doubtful Accounts account. The accounts receivable T-account consisted of 5414,000 in debit balances and $5,000 in credit balances. The company aged its accounts as follows: Current 5344000 0-60 days paste 14.000 61-180 days put the 18000 Der 1 days past due R.000 414000 In the past the company has experienced credit losses as follows: one percent of current balances, five percent of balances 0-60 days past due, 18 percent of balances 61-180 days past due, and 30 percent of balances over six months past due. The company bases its allowance for doubtful accounts on an aping analysis of accounts receivable. Required a: Prepare the adjusting entry to record the allowance for doubtful accounts for the year, b. Show how Accounts Receivable (including the credit balances) and the Allowance for Doubtful Accounts would appear on the December 31 balance sheet. Credit General Journal Date Description Dec 31 Had Debes Expense Allowance for Doubtful Accounts To record allowance for credit losses Debit OX OV U. Current Assets Accounts Receivable Less: Allowance for Doubtful Accounts $ 0 X OX $ OX Current Liabilities: Customers' Overpayments $