December 31, of the current year, a company's unadjusted trial balance revealed live following: Accounts receivable: $1 $5,600 Sales revenue: $1,280,000 (75% were on credit; 25% were cash sales) Allowance for doubtful accounts balance: $1,600 credit Prepare the adjusting journal entries to record the estimate for bad debts expense assuming: Had debts expense is estimated to be 1.5% of credit sales