Assume that the unadjusted balance in J.T. Traverse's Allowance for Doubtful Accounts at February 28 was a debit balance of $1,180 (thousand). J.T. Traverse uses the aging of accounts receivable method and estimates that $5,900 (thousand) of Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at February 28 for recording bad debt expense. Record the adjusting entry for bad debts as of February 29, using the aging of accounts receivable method