ADC company had the following unadjusted account balances at dec 31 2022 total sales of 511,000 , Accounts receivable of 395,600. and the allowance was estimated as 3% of the total account receivable . the allowance for doubtful accounts had a credit balance of 7,200 before the estimate was made.

Prepare the adjusting journal entry to record bad debts expense for 2021