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 bad debts are estimated to be 2.5% of credit sales.
Definitions:
Dominant Strategy
A strategy in game theory that yields the best outcome for a player, regardless of the strategies chosen by other players.
Dominant Strategy
A strategy in game theory that is the best for a player to follow, regardless of what the opponent does.
Maximin Strategy
A decision-making rule used in uncertain situations, aiming to select the option with the least possible loss or the maximum of the minimum gains.
Dominant Strategy
A strategy that is the best for a player in a game, regardless of the strategies chosen by other players.
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