The ledger of Marigold Company at the end of the current year shows Accounts Receivable $ 130,000, Credit Sales $ 849,000, and Sales Returns and Allowances $ 27,000. Journalize the following independent situations. (b) If Allowance for Doubtful Accounts has a credit balance of $ 2,300 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 10% 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