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

    What would be its entry ?
  • Oct 11, 2009, 01:29 PM
    hamzashakaa

    dr. Bad debt expense (Income statement item) 5000
    Cr. Allowance for doubtful debts (Balance sheet item contra asset account) 5000

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