a. General Journal Date Dec.31 Description Debit Credit 41 $ 0 $ 0 4 0 0 To record sales revenue for the year. Dec.31 = 0 0 0 0 Feb.17 To record collections on account for the year. To write off R. Lowell's account.. May 28 To write off G. Boyd's account. Oct.13 0 0 0 0 0 0 0 0 0 0 0 0 To reinstate G. Boyd's account for partial recovery. Oct.13 0 0 0 0 To record collection from G. Boyd. Dec.15 0 0 0 0 To write-off K. Marshall's account. Dec.31 0 0 0 0 To record allowance for doubtful accounts. $ 0 0 $ 0 Please answer all parts of the question. Journal Entries for Credit Losses At the beginning of the year, Whitney Company had the following accounts on its books: Accounts Receivable: Allowance for Doubtful Accounts $164,000 Debit $11,900 Credit During the year, credit sales were: $1,213,000 and collections on account were: $1,190,000 The following transactions, among others, occurred during the year: Feb.17 Wrote off R. Lowell's account, May 28 Wrote off G. Boyd's account, Oct.13 Received $1,000 from G. Boyd, who is in bankruptcy proceedings, in final settlement of the account written off on May 28. This amount is not included in the $1,190,000 collections. Dec.15 Wrote off K. Marshall's account, $4,000 $3,000 $1,900 Dec.31 In an adjusting entry, recorded the allowance for doubtful accounts at of credit sales for the year. 0.9% Required a. Prepare journal entries to record the credit sales, the collections on account, and the preceding transactions and adjustment. b. Show how Accounts Receivable and the Allowance for Doubtful Accounts would appear on the December 31 balance sheet. a. Date Dec.31 General Journal Description Debit Credit $ 0 $ 0 0 0 To record sales revenue for the year. 0 0 Dec 31 0 0 To record collections on account for the year. 0 0 Feb.17 0 0 To write off R. Lowell's account. May 28 To write off G. Boyd's account. 0 0 0 0