The following information applies to the questions displayed below.$]$

On December $31,$ Jarden Company's Allowance for Doubtful Accounts has an unadjusted credit balance of $$14,500.$ Jarden prepares a schedule of its December $31$ accounts receivable by age.

Accounts Receivable Age of Accounts Receivable Expected Percent Uncollectible

$ $830,000$ Not yet due $1\mathrm{.}25\%$

$254,0001$ to $30$ days past due $2\mathrm{.}00$

$86,00031$ to $60$ days past due $6\mathrm{.}50$

$38,00061$ to $90$ days past due $32\mathrm{.}75$

$12,000$ Over $90$ days past due $68\mathrm{.}00$

$2.$ Prepare the adjusting entry to record bad debts expense at December $31.$

Record the estimated bad debts.