December 31, 2019 aging schedule

Age Category	Amount	% Estimated as Uncollectible	$ Estimated as Uncollectible
Current	$1,502,000	0.75%	$11,265
0-90 days past due	64,300	1.5%	965
91-180 days past due	11,719	15%	1,758
Over 180 days past due	3,071	75%	2,303
Total	$1,581,090		$16,291

Prepare the December 31, 2019 adjusting entry for bad debt assuming the company uses % of credit sales instead of aging and it estimates that 0.2% of credit sales will be uncollectible. Show and label any calculation below the journal entry.

Account Names		DR	CR
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