CALCULATOR PRINTER VERSION 4 BACK NEXT Question 23 The trial balance before adjustment of Coronado Company reports the following balances: Cr Dr $158,000 Accounts receivable Allowance for doubtful accounts Sales (all on credit) Sales returns and allowances $1,310 700,000 42,000 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 Click if you would like to show Work for this question: Open Show Work Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must completed in order. This part be available when you complete the part above