Credit Losses llased on Accounts Recelvable Miller, inc, analysed its accounts recowabie balances at December 31, and arrived at the aged balances listed below'along with the percentage that is estimated to be uncollectale The compary handles credin losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $1,120 on December 31, before any adfustments. 1. Prepare the adjusting entry for estimated credit losses on December 31. 5. Piepare the journuiteritry to write off the Lyons Company's account on Apnil 10 of the following year in the amount of $1,025 Credit Losses llased on Accounts Recelvable Miller, inc, analysed its accounts recowabie balances at December 31, and arrived at the aged balances listed below'along with the percentage that is estimated to be uncollectale The compary handles credin losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $1,120 on December 31, before any adfustments. 1. Prepare the adjusting entry for estimated credit losses on December 31. 5. Piepare the journuiteritry to write off the Lyons Company's account on Apnil 10 of the following year in the amount of $1,025