The trial balance before adjustment of Crane Company reports the following balances: Dr. Cr. Accounts receivable $107,000 Allowance for doubtful accounts $2,420 Sales (all on credit) 600,000 Sales returns and allowances 62.000 (a) Your answer has been saved. See score details after the due date. Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 7% of gross accounts receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Bad Debt Expense ne here to search C Debit 5070 C Credit