Monty Limited had net sales in $2023$ of $$1\mathrm{.}8$ million. At December $31,2023,$ before adjusting entries, the balances in selected

accounts were as follows: Accounts Receivable $$265,200$ debit; Allowance for Expected Credit Losses $$2,700$ debit. Assuming

Monty has examined the aging of the accounts receivable and has determined the Allowance for Expected Credit Losses should

have a balance of $$31,000,$ prepare the December $31,2023$ journal entry to record the adjustment to Allowance for Expected

Credit Losses. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is

required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit