Exercise 7-9 Your answer is partially correct. Try again. The trial balance before adjustment of Larkspur Inc. shows the following balances. Dr Cr. $85,700 2,280 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) $676,100 Give the entry for estimated bad debts assuming that the allowance is to provide for doubtful accounts on the basis of (a) 4% of gross accounts receivable and (b) 5% of gross accounts receivable and Allowance for Doubtful Accounts has a $1,668 credit 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 (a) Bad Debt Expense 5780 Bad Debt Expense Allowance for Doubtful Accounts 5780 (b) Bad Debt Expense 2707 Allowance for Doubtful Accounts 2707 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 1 of 3 used