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 Probability of Age Group 0-30 days past due Balance Noncollection $99,000 31-60 days past due 29,000 2 61-120 days past due 20.000 5% 121-180 days past due 15,000 10% Over 180 days past due 13,000 $176,000 25% The company handles credit losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $1,420 on December 31, before any adjustments a. 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 $1,325 General Journal Date Description Debit Credit Dec 31 # 5 05 = 0 To record allowance for credit losses. b. Date April 10 General Journal Description To write off Rose Company's account. Please answer all parts of the question. Previous Save Answers Debit Credit = $ 0 $ 0 0 0