Prepare the journal entry to record the bad debt expense on December 31, 2024, assuming the credit manager estimates that 4% of the accounts receivable will become uncollectible. (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.)

At December 31, 2024, Crane Industries reports the following selected accounts from the unadjusted trial balance for operations: Accounts receivable $854.000 Cash 48,800 Cost of goods sold 2,135,000 Interest receivable 1,375 Interest revenue 2,750 Merchandise inventory 396,500 Notes receivable, due April 10, 202554,900 Prepaid insurance 9,760 Sales 4,221,200 Sales returns and allowances 122,000 Short-term investments 61,000 Unearned revenue 30,500