Pharoah Company has been in business several years. At the end of the current year, the unadjusted trial balance shows: Bad debts are estimated to be 7% of recelvables. Prepare the entry to adjust Allowance for Doubtful Accounts. (List debit entry before credit entry. Credit account titles are outomatically indented when amount is entered, Do not indent manually. If no entry is required, seject "No Entry" for the account tities and enter O for the arnounts.)