Journal Entries for Credit Losses At january 1, the Griffin Company had the following accounts on its books: The following transactions, among others, occurred during the year: Required a. Prepare the journat antries to record the credit sales the collections on account the transactions and theadiustiment b. Showhow Accophots Receivbble (including the credir balances) and the Alowance for Doubtlul Accounts appeacon the December 31 balance sheqt a. Prepare the journal entries to record the credit sales, the collections on account, the transactions and the adjustmient. b. Show how Accounts Recelvable (including the credit balances) and the Allowance for Doubtful Accounts appear on the December 31 balance sheet. b. =5=55