Jarden Company has credit sales of $3,600,000 for year 2017. On December 31, 2017, the companys Allowance for Doubtful Accounts has an unadjusted credit balance of $14,500. Jarden prepares a schedule of its December 31, 2017, accounts receivable by age. On the basis of past experience, it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here.

December 31, 2017 Accounts Receivable		Age of Accounts Receivable	Expected Percent Uncollectible
$	830,000	Not yet due	1.25	%
	254,000	1 to 30 days past due	2.00
	86,000	31 to 60 days past due	6.50
	38,000	61 to 90 days past due	32.75
	12,000	Over 90 days past due	68.00

2. Prepare the adjusting entry to record bad debts expense at December 31, 2017.