can somone please explain with detail and step- by -step how they solved this

Your answer is correct. Buffalo Industries has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receivable $293,700 Dr. Sales Revenue 2,228,800 Cr. Allowance for Doubtful Accounts 5.261 Cr. Bad debts are estimated to be 7% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account it manually.) Account Titles and Explanation Debit Credit Bad Debt Expense 15298 Allowance for Doubtful Accounts 15298