Current Attempt in Progress

Sheridan Company 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

$2,228,800Cr.$

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. $($List debit entry before

credit entry. 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 $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

eTextbook and Media

Assistance Used

List of Accounts