Harry's company uses the allowance method of accounting for bad debts. Their Allowance for Doubtful Accounts has a year-end credit balance, prior to adjustment, of $650. The bad debts are estimated at 3% of $560,000, the net credit sales.

Prepare the journal entry required on january 20, 2020.

General Journal

Date	Account Titles and Explanation	Debit	Credit
2020
Jan. 20
	To record bad debts for 2020.