Blue Company has a credit balance of $3,300 in Allowance for Doubtful Accounts before adjustment. The...

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Blue Company has a credit balance of $3,300 in Allowance for Doubtful Accounts before adjustment. The total estimated uncollectibles under the percentage-of-receivables basis is $5,930. Prepare the adjusting entry to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Blue Company has a credit balance of $3,300 in Allowance for Doubtful Accounts before adjustment. The total estimated uncollectibles under the percentage-of-receivables basis is $5,930. Prepare the adjusting entry to record bad debt expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit