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