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sheenbean8
Oct 14, 2012, 07:36 AM
Which of the following entries will affect both the balance sheet and the income statement?
A. Adjusting the allowance for doubtful accounts at year-end to the amount deemed uncollectible
B. Writing off an uncollectible account
C. Payment from a customer on account
D. None of the entries affects the balance sheet and income statement

My answer is A

paraclete
Oct 14, 2012, 02:06 PM
Both A and B