The following information is provided: 
Required:
a. Prepare the adjusting entry if bad debts are estimated to be 1.5% of net sales.
b. Compute the amount of the adjusting entry if bad debts are estimated to be 3% of ending accounts receivable.
Definitions:
Humanistic
Humanistic psychology emphasizes the inherent goodness of individuals and their potential for personal growth, focusing on subjective experiences and the importance of choice and self-determination.
Anti-Anxiety Agents
Medications designed to reduce symptoms of anxiety by affecting the brain's chemical balance, improving feelings of well-being.
Neurotransmitters
Chemicals in the nervous system that transmit signals from one neuron to another, playing key roles in various bodily and psychological functions.
Central Nervous System
The part of the nervous system consisting of the brain and spinal cord, which processes information and coordinates bodily activities.
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