Application Problem 6-10B a Quick Sweep Ltd. manufactures industrial sweepers for cleaning malls and other commercial space. All sales are on account, with terms n/45. During the year ending October 31, 2020, Quick Sweep recorded sales of $9,123,000. The company's bookkeeper prepared the following aging schedule as at October 31: Receivable Amount $729,000 691,000 195,000 108,000 Number of Estimated Days Percentage Outstanding Uncollectible Less than 45 2% 45 to 90 90 to 120 15% More than 120 30% 6% The Allowance for Doubtful Accounts had a credit balance of $40,740 before the year-end adjustment was made. (a) Prepare the adjusting entry to bring Allowance for Doubtful Accounts to the desired level. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit