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Question 11 The account balances of Pharaoh Company at December 31, 2021, the end of the current year, show Accounts Receivable $151,200; Allowance for Doubtful Accounts $1,800 (credit); Sales $1,210,800; Sales Returns and Allowances $60,000; and Sales Discounts $16,800. v (a) Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account 11t|es and Explanation Debit Credit (1) Dec- 31 Bad Debt Expense 13320' Allowance for Doubtful A 13320 (To record estimate of uncollectlble accounts.) (To record estimate of uncollectible accounts.)