Marigold Corp. has been in business several years. At the end of the current year, the unadjusted trial balance shows: Accounts Receivable Sales Revenue Allowance for Doubtful Accounts $ 309,200 Dr. 2,052,900 Cr. 6,100 Cr. Bad debts are estimated to be 9% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation (To record estimate of uncollectible accounts) Debit Credit

Bad debts are estimated to be 9% of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)