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Q33 a. colgu b. contra-revenue; crediteu c. contra-revenue; debited d. contra-asset;...

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Accounting

Q33 image
a. colgu b. contra-revenue; crediteu c. contra-revenue; debited d. contra-asset; credited r's Furnitures Allowance for Doubtful Accounts has a DEBIT balance of $200. Using the Method it is determined that the balance should be $300. The end of period adjusting entry would be: a. Bad Debt Expense b. Allowance for Doubtful Accounts c. Bad Debt Expense Allowance for Doubtful Accounts Bad Debt Expense Allowance for Doubtful Accounts $100 $100 $500 $100 $100 $500

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