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Exercise 7-07 Oriole Company reports the following financial information before adjustments. Cr. Dr. $148,800 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue (all on credit) Sales Returns and Allowances $2,190 810,900 52,940 Prepare the journal entry to record bad debt expense assuming Oriole Company estimates bad debts at (a) 5% of accounts rece Allowance for Doubtful Accounts had a $1,390 debit balance. (if no entry is required, select "No Entry" for the account ti titles are automatically indented when the amount is entered. Do not indent manually.). Debit Credit No. Account Titles and Explanation (a (1) Click if you would like to Show Work for this question: She Wack before adjustments. Cr. $2,190 810,900 suming Oriole Company estimates bad debts at (a) 5% of accounts receivable and (b) 5% of accounts receivable but nce. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account is entered. Do not indent manually.) Credit tion: Open Show.lwork