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Pearl Co. uses the gross method to record sales made on credit. On June 1, 2020, it made sales of $ 59,000 with terms 4/15, n/45. On June 12, 2020, Pearl received full payment for the June 1 sale. Prepare the required journal entries for Pearl Co. (If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Blue, Inc. had net sales in 2020 of $ 1,482,700. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $ 328,300 debit, and Allowance for Doubtful Accounts $3,420 credit. If Blue estimates that 9% of its receivables will prove to be uncollectible. Prepare the December 31, 2020, journal entry to record bad debt expense. (if no entry is required, select "No Entry" for the account titles and enter Ofor 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