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Question 12 3 pc Al Bakara company report the following results for its calendar year December 31,2021. Cash sales 200,000 Credit sales 180,000 Account receivable 22,000 (debit) Account payable 46,000 (credit) Allowances for doubtful accounts 2,000 (debit) The company estimates bad debts to be 2% of annual total sale. Required: 1- Prepare the adjusting entry to record the estimated bad debt. Answer in the following format [Note This is just an example and is not related to the question) Jon 1 Dr. Cash 120 Cr. Owner capital 120 2- Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on Al Bakara company December 31 balance sheet For the toolbar, press ALT+F10 (PC) or ALT FN+F10 (Mac