FULL SCREEN PRINTER VERSION + BACK NE Question 16 The account balances of Blossom Company at December 31, 2021, the end of the current year, show Accounts Receivable $133,200; Allowance for Doubtful Accounts $1,600 (credit); Sales $1,053,800; Sales Returns and Allowances $40,000; and Sales Discounts $14.800 (a) Record the adjusting entry at December 31, 2021, assuming bad debes 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 for the amounts.) No. Date Account Titles and Explaination Debit Credit (1) Dec 31 (To record estimate of uncollectible accounts.) (2) Dec. 31 (To record estimate of uncollectible accounts