Prepare the adjusting journal entry for Bad Debts Expense from the following information using the balance sheet approach. The Allowance for Doubtful Accounts has a debit balance of $4,000. 
Definitions:
Multilateral Trading System
A trade system that promotes the participation of multiple countries agreeing to trade under certain regulations and tariffs.
Member Nations
Countries that are part of an international organization or agreement and subscribe to its regulations and policies.
Levels Of Inequality
Describes variations in income, wealth, or opportunity between different groups within a society, nation, or globally.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, fostering global trade and the exchange of ideas.
Q4: Cost of Goods Sold is calculated on
Q15: The entry to close the expense account(s)
Q36: Mortgage Payable is a contra-liability account.
Q55: Under the perpetual inventory system, which of
Q62: The normal balance for Merchandise Inventory is:<br>A)
Q65: Chocolate Heaven had the following data for
Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7147/.jpg" alt=" " class="answers-bank-image d-block" rel="preload"
Q90: Merchandise purchased for resale under the perpetual
Q107: Bad Debts Expense is a contra-revenue account.
Q110: Individual credit customer accounts are kept in