www.how the following unabusted account balances at December 31, 2001, Total Sales of $511,000, Accounts Receivable of $305,000 and the afowance was station 3 the Sotal Account Receivette The Allowance for Doubitul Accounts had a credit balances of $7,200, before the estimate was made Required: Prepare the aquating journal entry to record bad debts expense for 2021. Answer in the following format (Note This is just an example and is not related to the question) Jan 1 Dr. Cash 120 Cr Owner capitali 120