Corrections please and explaination. for A and B please.

My Subscriptions A David Weber Question 5 Partially correct Mark 6.67 out of 10.00 Remove flag Credit Losses Based on Accounts Receivable At December 31, Schuler Company had a balance of $377,800 in its Accounts Receivable account and a credit balance of $4,200 in the Allowance for Doubtful Accounts account. The accounts receivable T-account consisted of $383,000 in debit balances and $5,200 in credit balances. The company aged its accounts as follows: Current 5306.000 0-60 days past due 46,000- 61-180 days past due Over 180 days past due 20,000 11,000 $383000 In the past, the company has experienced credit losses as follows: 19% of current balances. 5% of balances 0-60 days past due, 15% of balances 61-180 days past due, and 40% of balances over six months past due. The company bases its allowance for doubtful accounts on an aging analysis of accounts receivable Required a. Prepare the adjusting entry to record the allowance for doubtful accounts for the year b. Show how Accounts Receivable (including the credit balances) and the Allowance for Doubtful Accounts would appear on the December 31 balance sheet General journal Description Date Debit Credit Dec31 Bad Debts Expense 12.760 Allowance for Doubtful 12.760 To record allowance for credit losses O Type here to search 7/2/2019 2oddnc Dalances over sIx montis past aue The compainy bases srowance TO dodboraecouns on ain agini ainblysis or accouns recevalble Required a. Prepare the adjusting entry to record the allowance for doubtful accounts for the year. b. Show how Accounts Receivable (including the credit balances) and the Allowance for Doubtful Accounts would appear on the December 31 balance sheet. al General Journal Date Description Debit Credit Bad Debts Expense Dec.31 12.760 x5 S 0 Allowance for Doubtful 0v 12,760 x To record allowance for credit losses b Current Assets Accounts Receivable 383.000 Less: Allowance for Doubtfi # 16.960 x 366.040 x Current Liabilities Customers Overpayments 5,200 Check You have correctly selected 8