- Please show all work when when calculating and applying the bad depths of 7% of receivables. - Explain the concept being used to solve this problem and explain the recorded adjustments to allow for doubtful accounts - **Please show where the numbers come from as well as explain key aspects of the concept used to solve this problem. Thank you! ** Shamrock Company has been in business several years. At the end of the current year, the unadjusted balances show: Bad debts are estimated to be 7% of receivables. Record adjustment to Allowance for Doubtful Accounts in a tabular summary. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).)