Credit Losses Based on Accounts Receivable Hunter, Inc, analyzed its accounts receivable balances at December 31 , and arrived at the aged balances listed belom along with the percentage that is estimated to be uncollect ble: The company handles credit losses using the allowance method. The credit balance of the Alsowance for Doubtful Accounts is $1,32.0 on December 31, before any adjustments. a. Prepare the adjusting entry for estimated credic losses on December 31 . b. Prepare the journal entry to write off the Rose Compary's account on April 10 of the following year in the amount of $1,225