You are an accountant at XYZ company, which has a fiscal year ending on December $31.$ It is now December $31,2018,$ and you are getting ready to record the adjusting journal entry for this year's bad debt expense. The credit department has prepared for you the following accounts receivable aging schedule, which includes the estimated percentages of each aging bucket that they think will be uncollectible. The estimated percentages are the same for both dates provided.

$\backslash$table$[[$Age of $\frac{A}{R},\backslash$table$[[$Estimated $\%],[$Uncollectible$]],\backslash$table$[[$Accounts Receivable$],[$Balance at Dec $31,],[2018]],\backslash$table$[[$Accounts Receivable$],[$Balance at Dec $31,],[2017]]],[$Not yet due,$2\%,$$$7,150,000,$$$6,250,000$