Swifty Corporation had a $300 credit balance in Allowance for Doubtful Accounts at December 31, 2022, before the current year's provision for uncollectible accounts. An aging of the accounts receivable revealed the following:

				Estimated Percentage Uncollectible
Current Accounts		$110,000		1	%
130 days past due		19,000		3	%
3160 days past due		11,500		7	%
6190 days past due		7,000		16	%
Over 90 days past due		9,500		32	%
Total Accounts Receivable		$157,000

Prepare the adjusting entry on December 31, 2022, to recognize bad debts expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
Enter an account title for the adjusting entry	Enter a debit amount	Enter a credit amount
Enter an account title for the adjusting entry	Enter a debit amount	Enter a credit amount

Assume the same facts as above except that the Allowance for Doubtful Accounts account had a $300 debit balance before the current year's provision for uncollectible accounts. Prepare the adjusting entry for the current year's provision for uncollectible accounts.