Can I get an answer with the steps please. thank you for your help.

Your answer is partially correct. Try again. Sarasota Company reports the following nancial information before adjustments. Accounts Receivable $139,800 Allowance for Doubtful Accounts $3,160 Sales Revenue (all on credit) 815,500 Sales Returns and Allowances 51,950 Prepare the journal entry to record bad debt expense assuming Sarasota Company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but Allowance for Doubtful Accounts had a $1,450 debit balance. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Aocou nt Titles and Explanation v E!