Presented below is information related to Whispering Corp., which sells merchandise with terms $\frac{2}{10},$ net $60.$ Whispering records its sales and receivables net.

July $1$ Whispering Corp. sold to Warren Harding Co$.$ merchandise having a sales price of $$17,000.$

$5$ Accounts receivable of $$13,700($gross$)$ are factored with Andrew Jackson Credit Corp. without recourse at a financing charge of $9\%.$ Cash is received for the proceeds; collections are handled by the finance company. $($These accounts were all past the discount period.$)$

$9$ Specific accounts receivable of $$13,700($gross$)$ are pledged to Alf Landon Credit Corp. as security for a loan of $$6,900$ at a finance charge of $6\%$ of the amount of the loan. The finance company will make the collections. $($All the accounts receivable are past the discount period.$)$

Dec. $29$ Warren Harding Co$.$ notifies Whispering that it is bankrupt and will pay only $10\%$ of its account. Give the entry to write off the uncollectible balance using the allowance method. $($Note: First record the increase in the receivable on July $11$ when the discount period passed.$)$