The Following Information Is Available for the Bench Company

question 126

Essay

The following information is available for the Bench Company:

During 2014,Bench estimated that its bad debt expense should be 1% of all credit sales and made the appropriate monthly adjusting entries.As a result of a review and aging of accounts receivable in early January 2015,it has been determined that an allowance for uncollectible accounts of $3,200 is needed at December 31,2014.
Required:
What is the journal entry that Bench should make after the aging is completed?

Understand the implications of not closing accounts properly.

Compute the final balance in capital account after closing entries are posted.

Understand the basic anatomical directional terms and their applications.

Comprehend the structure and function of DNA and genes.

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Definitions:

Antisocial Personality Disorder

A mental disorder characterized by a long-term pattern of disregard for, or violation of, the rights of others.

Atypical Antipsychotics

A class of medication used to treat psychiatric conditions, which tend to cause fewer side effects related to movement than traditional antipsychotics.

Psychotropic Medication

Medications that affect the mind, emotions, and behaviors by altering brain chemistry.

Stimulants

Psychoactive drugs that result in an altered state of consciousness by increasing behavior and mental activity.