Which of the following answers correctly shows the effect of the December 31, 2012 adjusting entry for uncollectible accounts on the financial statements of the Lindley Corporation? 
Definitions:
Sale of Goods Act
Legislation regulating the sale of goods, ensuring certain standards for transactions.
Title
The legal right to own, use, or dispose of property.
Sale of Goods Act
is a legal statute that governs the sale of goods, providing rights, duties, and obligations for both buyers and sellers in a transaction.
Risk
Risk involves the possibility of losing something of value or the potential for an action or event to lead to an undesired outcome, often quantified in terms of probability and impact.
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