Exercise 7-7 Duncan Company reports the following financial information before adjustments. Dr Cr. Accounts Receivable Allowance for Doubtful Account: Sales Revenue (all on credit) Sales Returns and Allowances $100,000 $2,000 900,000 0,000 Prepare the journal entry to record b d debt expense assuming Duncan Company estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable but Allowance for Doubtful Accounts had a $1.500 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. Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work