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: Age Group Probability of Balance Noncollection 0-30 days past due $90,000 1% 31-60 days past due 20,000 2% 61-120 days past due 11,000 5% 121-180 days past due 6,000 10% Over 180 days past due 6,000 25% $133,000 The company handles credit losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $820 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 $650.

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 a estimated to be uncollectible Probability of Age Group 0-30 days pite 31-60 days pastor 61-120 day past due 121-130 days past de Over 100 days past Balance Noncollection 190.000 15 30.000 1.000 6.000 10 25 ST1000 The company handies credit losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $820 on December 31, before any adjustments a. Prepare the adjusting entry for estimated credit fosses on December 31 b. Prepare the journal entry to write of the Rose Company's account on April 10 of the following year in the amount of 1650. General Journal Description Deble Credit be To recordance for creates General Journal Description Debit Credit Date AD 10 . To wiose Cocco