At December 31, 19X7, the accounts receivable balance of Chung, Limited, is \(\$ 269,000\). The allowance for doubtful accounts has a \(\$ 3,910\) credit balance. Accountants for Chung prepare the following aging schedule for its accounts receivable:

Journalize the adjusting entry for doubtful accounts on the basis of the aging schedule. Show the T-account for the allowance.

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Age of Accounts Total Balance 1-30 Days 31-60 Days 61-90 Days Over 90 Days $269,000 $107,000 $78,000 $69,000 $15,000 Estimated percentage uncollectible 0.3% 1.2% 6.0% 50%