Moore Company had a $700 credit balance in Allowance for Doubtful Accounts at December 31, 2014, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following: Age of accounts Amount $ Estimated uncollectible % Not due 170,000 1% 1-30 days past due 15,000 3% 31-60 days past due 12,000 6% 51-90 days past due 5,000 12% 91-120 days past due 9.000 30% Total Accounts Receivable $211.000 Instructions (a) Prepare the adjusting entry on December 31, 2014, to recognize bad debts expense. (3 marks)