Kirchhoff Industries has computed that the proper balance for the Allowance for Doubtful Accounts at August 31 is $65,633. Assume that the allowance for doubtful accounts for Kirchhoff Industries has a credit balance of $13,785 before adjustment on August 31. Journalize the adjusting entry for uncollectible accounts as of August 31. Aug. 31

Western electric has 32,000 shares of common stock outstanding at a price per share of $79 and a rate of return of 13.00 percent. the firm has 7,300 shares of 7.80 percent preferred stock outstanding at a price of $95.00 per share. the preferred stock has a par value of $100. the outstanding debt has a total face value of $404,000 and currently sells for 111 percent of face. the yield to maturity on the debt is 8.08 percent. what is the firm's weighted average cost of capital if the tax rate is 39 percent?