Exercise 7-7 Tamarisk Company reports the following financial information before adjustments. Cr Dr Accounts Receivable $140,500 Allowance for Doubtful Accounts $3,730 816.400 Sales Revenue (all on credit) Sales Returns and Allowances 53,360 Prepare the journal entry to record bad debt expense assuming Tamarisk Company estimates bad debts at (a) 4% of accounts receivable and (b) 4 % of accounts receivable but Allowance for Doubtful Accounts had a $1,540 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 entered. Do not indent manually.) No. Account Titles and Explanation Credit Debit (a) (b) you would like to Show Work for this question Open Show Work Click Ceuow LTCT OF AC