Jackson Company uses the allowance method to account for bad debts. During 20D, a customer became bankrupt and a receivable of $5,000 was deemed uncollectible. What is the entry to record the uncollectible amount? 
Definitions:
Telepathy
The purported transmission of information from one person to another without using any known human sensory channels or physical interaction.
Context Effect
The influence of environmental factors on one’s perception, decision making, or cognition.
Proximity
The state of being close or near in space, time, or relationship, which can influence social connections and interactions.
Interposition
A visual cue in perception that occurs when one object partially blocks another, which can be used to perceive depth and spatial relationships.
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