Geen 10 m Credit Losses Based on Accounts Receivable At December 31, Rmahart Company had a balance of 1314900 in s Accounts Receivable account and a crede balance of $2,800 in the Allowance for Doutthal Accounts account. The accounts receivable Taccount consted of $321,000 in debt balances and $6.100 in credit balances, the company aged its accounts as foliow Curren 14390 D 180 days pus $321.000 in the past, the company has experienced credit losses as follows: 2% of current balances, s of balances 0-60 days past de 15% of balances 61180 days past due and 30% of balance months past due. The company bases its allowance for doubtful accounts on an aging analysis of accounts receivable Required aPrepare the adjusting entry to record the allowance for doubetul accounts AV the year Show how Accounts Receivable including the credit batanors) and the Allowance for Doubtful Awns would appear on the December 31 balance sheet Date Description Dec 31 Bad Debs Expe Alamance for Doubtful Accounts Tanto for credit loses 4 Care Asses Accounts Pecate Less Awance for Dub Accumsa Current Lbillies Gamer Overpayment Check Debit Credit TJ 321,000 OM 6.100