The account balances of Blossom Company at December 31, 2021, the end of the current year, show Accounts Receivable $172,800; Allowance for Doubtful Accounts $2,100 (credit); Sales $1,375,200; Sales Returns and Allowances $60,000; and Sales Discounts $19,200.

Collapse question part (a) Record the adjusting entry at December 31, 2021, assuming bad debts are estimated to be (1) 10% of accounts receivable, and (2) 1.5% of net sales. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No. Date Account Titles and Explanation Debit Credit (1) Dec. 31 enter an account title to record estimate of uncollectible accounts on December 31 enter a debit amount enter a credit amount enter an account title to record estimate of uncollectible accounts on December 31 enter a debit amount enter a credit amount (To record estimate of uncollectible accounts.) (2) Dec. 31 enter an account title to record estimate of uncollectible accounts on December 31 enter a debit amount enter a credit amount enter an account title to record estimate of uncollectible accounts on December 31 enter a debit amount enter a credit amount (To record estimate of uncollectible accounts.)