Problem 162 The trial balance before adjustment of Risen Company reports the following balances: Dr Cr $265,000 Accounts recelvable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $2,430 1,000,000 57,000 Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 13% of gross accounts receivable (credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit 2,430 instead of a credit balance. Prepare the journal entry. (Credit account titles are Assume that all the information above is the same, except that the Allowance for Doubtful Accounts has a debit balance of automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit