Journal Entries for Credit Losses At January 1, the Griffin Company had the following accounts on its books Account $130.000 Det Allowance for our Account 57.200 Crodin During the year, we S851,00 and collections on account were 57.000 The following transactions, among others, occurred during the year 11 wrote of Wount 1200 Apr 29 Wotofi Avery 51400 Nov 15 v 1400 m ll Avery, to pay a dettad been written ottan Analement the account with off on April 29 This amount is not included in the $754.000 collections Decos Wote ITD. Wicht 52 Declinandung Recorded the allowance foc double account of credit sales for the Required 5. Prepare the journal entries to record the credit sales, the collections on account the transactions and the adjustment b. Show how Accounts Receivable including the credit balances and the Allowance for Doubtful counts appear on the December 31 balance sheet 2. Prepare the journal entries to record the credit sales, the collections on account, the transactions and the adjustment b. Show how Accounts Receivable (including the credit balances and the Allowance for Doubtful Accounts appear on the December 31 balance sheet. Gelona Description Credit De Dec . was acco 1 To samanter para recovery No.15 - Det os To recondo b e $ $