Sheridan Company has been in business several years. At the end of the current year, the ledger shows the following: Accounts Receivable $ 330,000 Dr. Sales Revenue 2,890,800 Cr. Allowance for Doubtful Accounts 7,000 Cr. Bad debts are estimated to be 6% of accounts receivables. Prepare the entry to adjust Allowance for Doubtful Accounts. (Cre account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit