please answer in the same format

Questions Al Bakara company report the following results for its calendar year December 31.2021 Cash sales 310,000 Credit sales 220,000 Account receivable 44.000 (debit) Account payable 78.000 (credit) Allowances for doubtfut accounts 7.000 (debit) The company bad debts estimated to be 2%of annual total sale Required: 1- Prepare the adjusting entry to record the estimated bad debt. 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 capital 120 2- Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on Al Bakara company December 31 balance sheet. For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mack Questions Al Bakara company report the following results for its calendar year December 31.2021 Cash sales 310,000 Credit sales 220,000 Account receivable 44.000 (debit) Account payable 78.000 (credit) Allowances for doubtfut accounts 7.000 (debit) The company bad debts estimated to be 2%of annual total sale Required: 1- Prepare the adjusting entry to record the estimated bad debt. 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 capital 120 2- Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on Al Bakara company December 31 balance sheet. For the toolbar, press ALT+F10 (PC) or ALT-FN-F10 (Mack