Farr Co. elects to use the percentage-of-sales basis in 2017 to record bad debt expense. It estimates that2% of net credit sales will become uncollectible. Sales revenues are $813,000for 2017, sales returns and allowances are $48,300, and the allowance for doubtful accounts has a credit balance of $9,600.

Prepare the adjusting entry to record bad debt expense in 2017