Austin, Inc. began business on January 1st. O2MAY - Received a $30,000, 60-day, 10% note on account from Haskins Company. 01JUL-Received payment from Haskins for its note plus interest. 01JUL-Received a $61,000, 120-day, 9% note from R. Longo Company on account. 290CT - R. Longo failed to pay its note. 09DEC - Wrote off R. Longo's account as uncollectible. Austin, Inc. uses the allowance method of providing for credit losses. 11DEC - Received $42,000, 90-day, 12% note from R. Canal on account. 31DEC - Recorded expected credit losses for the year by an adjusting entry. Record the transactions and adjustments in general journal entry form including the entry to record the provision for credit losses for the year. You, as the accountant, will need to prepare an Aging Schedule of Customer Balances, December 31, 2019 to determine the required balance that should remain in the Allowance for Doubtful Accounts at year-end. Austin, Inc. began business on January 1st. O2MAY - Received a $30,000, 60-day, 10% note on account from Haskins Company. 01JUL-Received payment from Haskins for its note plus interest. 01JUL-Received a $61,000, 120-day, 9% note from R. Longo Company on account. 290CT - R. Longo failed to pay its note. 09DEC - Wrote off R. Longo's account as uncollectible. Austin, Inc. uses the allowance method of providing for credit losses. 11DEC - Received $42,000, 90-day, 12% note from R. Canal on account. 31DEC - Recorded expected credit losses for the year by an adjusting entry. Record the transactions and adjustments in general journal entry form including the entry to record the provision for credit losses for the year. You, as the accountant, will need to prepare an Aging Schedule of Customer Balances, December 31, 2019 to determine the required balance that should remain in the Allowance for Doubtful Accounts at year-end