Question 1 of 3 -/33 E View Policies Current Attempt in Progress The ledger of Blossom Company at the end of the cucrent year shows Accounts Receivable $ 138,000, Sales Revenue $ 841,000, and Sales Returns and Allowances $ 26,000. Journalize the following independent situations (b) If Allowance for Doubtful Accounts has a credit balance of $ 2,900 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 11% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Date Account Titles and explanation Debit Credit Dec. 31 e Textbook and Media