On December 31,2012,Stuart Co.estimated it had $8,000 of uncollectible accounts related to credit sales it made during the year.Stuart,which uses the allowance method,made the proper adjusting entry on this date.Indicate the effects of the adjusting entry. 
Definitions:
Consume Less
The action of reducing the amount of goods and services that individuals or societies use.
Residential Home Building
The process or business of creating new homes within residential areas, often involving construction firms, architects, and various contractors.
Volatile Sector
An industry or market segment known for high levels of price fluctuation, often due to changes in supply and demand, political instability, or other factors.
Gross Investment
Gross investment refers to the total amount of money spent on acquiring new capital assets or improving existing ones before accounting for depreciation.
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