The ledger of Blossom Company at the end of the current year shows Accounts Receivable $ 138,000, Sales Revenue $ 841,000, and Sales Returns and Allowances $ 26,000. Journalize the following independent situations. (a) If Allowance for Doubtful Accounts has a debit balance of $ 240 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be 8% 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