Exercise 7-9 The trial balance before adjustment of Metlock Inc. shows the following balances. ent Dr. Cr. Accounts Receivable Allowance for Doubtful Accounts $92,100 1,910 $645,700 tudy Sales Revenue (all on credat) Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on enter O for the amounts. Credit account titles are automatically indented when the No. Account Titles and Explanation the basis of (a) 5% of gross accounts receta ble and (b) 6% of (If no entry is required, select "No Entry for the account titles and amount is entered. Do not indent manually.) accounts receivable and Allowance for Doubtful Accounts has a $1,689 credit balance. ( Debit Credit