Using the data in Exercise 9-11, assume that the allowance for doubtful accounts for Performance Bike Co. had a debit balance of $28,400 as of December 31. Journalize the adjusting entry for uncollectible accounts as of December 31.

Percent Age Interval Not past due 1-30 days past due 31-60 days past due 61-90 days past due 91-180 days past due Over 180 days past due Uncollectible 0.8% 2.4 7.0 18.0 34.0 85.0 Balance $3,250,000 1,050,000 780,000 320,000 240,000 150,000 $5,790,000