Awesome Cookie Company had total credit sales for the past year of $800,000. As of year-end, but before estimating bad debts, the company had a $70,000 debit balance in accounts receivable and a $600 debit balance in the Allowance for Uncollectible Accounts. The company provided the following aging of accounts receivable schedule and estimates of the bad debts percentages:

Age	Amount	Bad debt Percentage
1-30 days	38,500	10%
31-60 days	21,000	25%
61-90 days	6,300	40%
Over 90 days	4,200	80%

Which journal entry will the company need to make to estimate bad debts using the aging method?