Presented below is an aging schedule for Concord Corporation at December 31, 2021.

						Number of Days Past Due
Customer		Total		Not Yet Due		130		3160		6190		Over 90
Aneesh		$ 24,900				$11,200		$13,700
Bird		33,600		$ 33,600
Cope		58,500		6,800		5,800				$45,900
DeSpears		33,300										$33,300
Others		125,600		97,100		15,200		13,300
		$275,900		$137,500		$32,200		$27,000		$45,900		$33,300
Estimated percentage uncollectible				3%		7%		12%		24%		60%
Total estimated uncollectibles		$ 40,615		$ 4,125		$ 2,254		$ 3,240		$ 11,016		$19,980

At December 31, 2021, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $13,000.

Journalize the adjusting entry for bad debts at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Post the adjusting entry for bad debts at December 31,2021