Blossom Company has been in business for several years. At the end of the current year, the ledger shows:
Accounts Receivable$ 318,600 Dr.
Sales Revenue2,301,300 Cr.
Allowance for Doubtful Accounts6,600 Cr.
Uncollectible accounts are estimated to be 5% of accounts receivable. Prepare the entry to adjust Allowance for Doubtful Accounts.
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