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Save Ant Sama company has the following unadjusted account balances at December 31, 2021; Total Sales of $ 511,000, Accounts Receivable of $395,600 and the allowance was estimated as 3% of the total Account Receivable. The Allowance for Doubtful Accounts had a credit balance of $7,200, before the estimate was made. Required: Prepare the adjusting journal entry to record bad debts expense for 2021. Answer in the following format [Note: This is just an example and is not related to the question] Jan 1 Dr. Cash. 120 Cr. Owner capital 120