Sheridan Company estimates that 1.5% of accounts receivable will become uncollectible. Sheridan Company reported the following information in its general ledger for the year ended September 30, 2021: Sales Debit Credit 783.900 Accounts Receivable Debit Credit 250,000 Allowance for Doubtful Accounts Debit 3,625 Your answer is partially correct. Try again. Prepare the adiusting entry to record bad debt expense at year end using the percentage of receivables approach. (Credit account title amount is entered to not indent manually.) are automatically Indented when the Date Account Titles and Explanation Debit Credit Sept. 30 load Debt Expense I 3750 T Allowance for Doubtful 3750 SHOW LIST OF ACCOUNTS