Moving to another question will save this response. Question 8 Al Bakara company report the following results for its calendar year December 31,2021. Cash sales Credit sales 200,000 Account receivable Account payable Allowances for doubtful accounts 180,000 22,000 (debit) 46,000 (credit) 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] Jan 1 Dr. Cash 120 Cr. Owner capital. 120 2. Show hi