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View Full Version : Adjusting entry

rhan
Oct 11, 2009, 04:16 AM
Allowance for doubtful accounts is to be increased by 5000

What would be its entry ?
hamzashakaa
Oct 11, 2009, 01:29 PM
dr. Bad debt expense (Income statement item) 5000
Cr. Allowance for doubtful debts (Balance sheet item contra asset account) 5000