Pharoah Company has been in business several years. At the end of the current year, the unadjusted trial balance shows:

$\backslash$table$[[$Accounts Receivable,$$327,100Dr.],[$Sales Revenue,$2,066,100Cr.],[$Allowance for Doubtful Accounts,$5,892Cr.]]$

Bad debts are estimated to be $7\%$ of receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. $($List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter ofor the amounts.$)$

Account Titles and Explanation

Debit

Credit

Allowance for Doubtful Accounts