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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

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
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