Assuming the company uses the aging of receivables method and estimates the uncollectible amount at 5% of accounts receivable, what is the required adjusting entry to record bad debt expense for the year? 
Definitions:
Social Roles
The patterns of behavior that are expected of individuals in specific positions within a social group, based on societal norms and expectations.
Social Roles
The parts individuals play as members of a social group, which meet the expectations of that group.
Conscious Component
An element of the mind's activity that pertains to thoughts, feelings, and sensations that an individual is aware of at any given moment.
Self-handicapping
A strategy where individuals create obstacles and excuses for themselves so that if they do poorly in a task, they can blame these external factors.
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