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    rhan's Avatar
    rhan Posts: 2, Reputation: 0
    New Member
    		  
    #1

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

    What would be its entry ?
    hamzashakaa's Avatar
    hamzashakaa Posts: 161, Reputation: 8
    Junior Member
    		  
    #2

    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
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