?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 instead that J$.$T$.$ ?Traverse uses the aging of accounts receivable method and estimates that $$5,100($thousand$)$ ?of

Accounts Receivable will be uncollectible. Prepare the adjusting journal entry required at February $28$ ?for recording bad debt

expense.

TIP: The aging of accounts receivable method focuses on calculating what the adjusted Allowance for Doubtful Accounts

balance should be$.$ ?You need to consider the existing balance when determining the adjustment. $($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).)$