?J$.$T$.$ ?Traverse Company, is a software development company that recently reported the following amounts $($in thousands$)$ ?in its unadjusted trial balance as of February $28,2019.$

?

? Debits Credits

Accounts Receivable $ $985,000$ ?

Allowance for Doubtful Accounts $ $4,550$

Sales and Service Revenue $3,400,000$ ? Assume J$.$T$.$ ?Traverse uses $\frac{1}{4}$ ?of $1$ ?percent of revenue to estimate its bad debt expense for the year. Prepare the adjusting

journal entry required at February $28$ ?for recording Bad Debt Expense. $($If no entry is required for a transaction$/$event$,$ ?select

$"$No Journal Entry Required" in the first account field. Enter your answers in whole dollars, rather than in thousands of dollars

$($e$.$g$.$ ?$$4$ ?would be entered as $$4,000).)$

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