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) 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 Save for Later Debit Credit Attempts: 0 of 1 used Submit Answer