A company has the following balances on December 31, 2024, before any year-end adjustments: Accounts Receivable = $72,000; Allowance for Uncollectible Accounts = $1,500 (credit). The company estimates uncollectible accounts based on an aging of accounts receivable as shown below:

Age Group	Amount Receivable	Estimated Percent Uncollectible
Not yet due	$ 44,000	4%
0 to 30 days past due	15,000	20%
31 to 90 days past due	10,000	55%
More than 90 days past due	3,000	70%
Total	$ 72,000

Required: Record the adjustment for uncollectible accounts on December 31, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)