Question 14 The account balances of Sheridan Company at December 31, 2021, the end of the current year, show Accounts Receivable $154,800; Allowance for Doubtful Accounts $1,900 (credit); Sales $1,218,200; Sales Returns and Allowances $40,000; and Sales Discounts $17,200. (a) Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit No. Dats (1) Dec 31 (To record estimate of uncollectible accounts.) (2) Dec. 31 (To record estimate of uncollectible accounts.) By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor