attempt.p ACCT225-Spring 18 Section 3M My Subscriptions/Courses / ACCT225-Spring 18 Section 3M/Chapter 8/ Chapter 8LO 1-3 Pre-work CLICK HERE TO REVIEW LEARNING ORJECTIMES QUESTION 1 Nor compjete Marked out of 7.00 Fag question Accounting for Doubtful Accounts Rankine Company estimates its bad debts expense by aging its accounts receivable and applying percentages to various age groups of the accounts. Rankine calculated a total of $4,000 in possible credit losses as of December 31. Accounts Receivable has a balance of $128.000, and the Allowance for Doubtful Accounts has a credit balance of $s00 before adjustment at December 31 What is the December 31 adjusting entry to provide for credit losses? General Journal Credit Bed debes expense Alowance for doubelul accouncs 500 What is the net amount of accounts receivable that should be included in current assets? Check