The account balances of Crane Company at December 31, 2021, the end of the current year, show Accounts Receivable $136,800; Allowance for Doubtful Accounts $1,700 (credit): Sales $1,091,200; Sales Returns and Allowances $50,000; and Sales Discounts $15,200 (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.) Debit Credit No. Date Account Titles and Explanation Dec (1) Bad Debt Expense 31 Allowance for Doubtful Accounts (To record estimate of uncollectible accounts.) Dec. (2) Bad Debt Expense 31 Allowance for Doubtful Accounts (To record estimate of uncollectible accounts.)