Return to course My Subscriptions OUWE DAANG Credit Losses Based on Accounts Receivable Miller, 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 de 592.000 31-60 days past de 22.000 61.120 days past de 13.000 121.180 days past de 2.000 Over 180 days past de 6.000 $141.000 wedding The company handles credit losses using the allowance method. The credit balance of the Allowance for Doubtful Accounts i 5720 on December boy adjustments a. Prepare the adjusting entry for estimated credit losses on December 31 b. Prepare the journal entry to write off the Lyons Company's account on April 10 of the following year in the amount of 5625 General Journal Date Description Dec 31Dad Debts Expense Allowance for our Acco To recorda n ce for creat losses Debit Credit S6,640 X 50 6.60 Debit 625 Credit 0 General Journal Date Description O Almance for both Accor. Accounts Receivable Tot On Court