Question 9 Question Ports 2 paints Sama company has the following unadjusted account balances at December 31, 2021: Total Sales of $720,000, Accounts Receivable of $205,000 and the allowance was estimated as 3.5% of the total Account Receivable. The Allowance for Doubtful Accounts had a credit balance of $2.400, before the estimate was made Required: Prepare the adjusting journal entry to record bad debts expense for 2021. Answer in the following format (Note: This is just an example and is not related to the question Jan 1 Dr. Cash.. 120 Cr. Owner capital 120