Nichols Company uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $200,000 and credit sales are $1,000,000. Management estimates that 4% of accounts receivable will be uncollectible. What adjusting entry will Nichols Company make if the Allowance for Doubtful Accounts has a credit balance of $2,000 before adjustment? 
Definitions:
Micro Power
The exercise of power in small-scale settings, such as interpersonal relationships or small groups, often involving subtle or informal mechanisms of control.
Michel Foucault
A French philosopher and social theorist known for his work on power, knowledge, and discourse, and how these elements shape society and individuals.
Parole
In linguistics, the individual, actual use of language in real situations, as opposed to the abstract system of language (langue).
Kinship Systems
defines the social relationships that form the basis of family structures, inheritance, marriage, and social ties within cultures.
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