A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: 
Prepare the adjusting entry to estimate bad debts assuming an aging analysis estimates that 8% of the outstanding accounts receivable will be uncollectible.
Definitions:
Brain Damage
Injury to brain tissue that can disrupt brain function, often resulting from trauma, stroke, diseases, or prolonged exposure to harmful substances.
Amphetamines
A class of stimulant drugs that affect the central nervous system, increasing alertness, attention, and energy.
Alcohol Addiction
A chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol.
Genetic
Pertaining to genes and heredity, influencing the development and functioning of organisms and their transmission of traits to offspring.
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