V I I Ana Marked out of 12.00 Prag question Credit Losses Based on Accounts Receivable Hunter, Inc., analyzed its accounts receivable balances at December 31, and arrived at the aged balances listed below along with the percentage that is estimated to be uncollectible: Probability of Age Group Balance Noncollection 0-30 days past due 90000 31-60 days past due 28,000 61-120 days past due 19,000 121-180 days past due 14,000 Over 100 days past due 12.000 5171,000 Support The company handles credit losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts is $1,320 on December 31, before any adjustments a. Prepare the adjusting entry for estimated credit losses on December 31 b. Prepare the journal entry to write off the Rose Company's account on April 10 of the following year in the amount of 51,225