Journal entry using percentage of receivables method. Taiga-Barrett Company uses the percentage of receivable method for records its Bad Debt Expense. Total credit sales were $3,000,000, of which $400,000 remains uncollected at the end of the year (A/R balance). Taiga estimates that 4.5% will be uncollectible. If the Allowance for Doubtful Accounts had a credit balance of $16,000 before this adjustment, what is the journal entry Taiga should make to bring the balance in the Allowance account up to date?