The trial bore adjustment of Risen Company reports the following balances: Dr Cr. Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $230,000 $1,280 500,000 20,000 Prepare the entry for estimated bad debts assuming that doubtful accounts are estimated to be 5% of gross accounts receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit credit balance. Prepan the journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit