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  3. blossom, inc. had net sales in 2020 of $1,506,100.

Blossom, Inc. had net sales in 2020 of $1,506,100. At December 31,2020, before adjusting entries,...

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Accounting

Blossom, Inc. had net sales in 2020 of $1,506,100. At December 31,2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $254,000 debit, and Allowance for Doubtful Accounts $2,520 credit. Assume Blossom prepares an aging schedule that estimates total uncollectible accounts at $34,000. Prepare the entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Dec. 31,
2020
image

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