During 2015, Bears Inc. recorded credit sales of $680,000. Before adjustments at year-end, Bears has accounts receivable of $300,000, of which $51,000 is past due, and the allowance account had a credit balance of $2,700. Using the aging of receivables approach, what would be the adjustment assuming Bears expects it will not to collect 10% of the amount not yet past due and 24% of the amount past due?

Bad Debt Expense	39,840
Allowance for Uncollectible accounts		39,840

Allowance for Uncollectible accounts	34,440
Bad Debt Expense		34,440

Bad Debt Expense	34,440
Allowance for Uncollectible accounts		34,440

Bad Debt Expense	37,140
Allowance for Uncollectible accounts		37,140