Bears, Inc. uses the allowance method to account for uncollectible account. It currently has a $24,300 debit balance in its accounts receivables and has an unadjusted debit balance of $1,300 in its Allowance for Bad Debts account. Additionally, Bears estimates that approximately 9% of its receivables will be uncollectible. Prepare the adjusting entry for bad debts for Dec. 31 based upon this information.