$8$

$D$&$D$ Company uses the allowance method for uncollectible receivables. During $2023,$ the company made total credit sales of $$1,350,000,$ of which $$322,000$ was currently owed by customers at year end. According to the company's historical sales, $0\mathrm{.}1\%$ of total credit sales will be uncollected. D&D Company uses the income statement approach to estimate the amount of uncollectible receivables. The company's year end is December $31.$ Prepare the journal entry to account for the amount deemed uncollectible.

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$\backslash$table$[[$Date$,$Account Title and Explanation,Debit,Credit$],[$Dec $31,,,],[,,,],[,,,],[,$To adjust for estimated bad debt,,$]]$