The A.T Cross Company is well known for its Cross pens. The company recently reported the following amounts in its unadjusted trial balance as of December 31, 2010. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Debits Credits $33,191,000 Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $ 957,000 160,812,000 Required 1. Assume Cross uses 12 of 1 percent of sales to estimate its bad debt expense for the year. Prepare the adjusting journal entry required at December 31, 2010, for recording Bad Debt Expense. (TIP: The percentage of credit sales method directly calculates Bad Debt Expense.) View transaction list Journal entry worksheet Record the adjusting entry for bad debts as of December 31, 2010 using 1/2 of 1 percent credit sales method Note: Enter debits before credits Date General Journal Debit Credit December 31, 2010 Record entry Clear entry View general journal