Receivable balance was $287,000 and the Allowance for Doubtful Accounts had a. Prepare the adjusting entry to record the credit losses for the year. b. Show how Accounts Receivable and the Allowance for Doubtful Accounts wo Debit Credit General Journal Date Description Dec.31 Bad Debts Expense Allowance for Doubtful Accounts To record allowance for credit losses. 25,400 0 25,400 b. (Do not use negative signs with your answers.) Current Assets: Accounts Receivable Less: Allowance for Doubtful Accounts + vs 287.000 2.400 x $ 2.400 X