11-5 - Retained Earn Bad Debt Exp Revenue 84000 2400 2400...

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Assets = Liability + Owners Equity Cash Acct Reciev Allow for doubt acct Revenue Bad Debt Exp 30000 30000 25000 25000 30000 300 0 300 300 R/e 0 1) Net income = 30000 - 300 = 29700 30000 2) Net Cash Flow = 25000 300 3) 5000 29700 4) 4700 Assets = Liability + Owners Equity Cash Acct Reciev Allow for doubt acct Retained Earn Bad Debt Exp Revenue 25000 5000 300 29950 280 280 35000 35000 350 35000 31000 31000 350 350 350 35000 56000 8720 370 64600 0 0 1) 34650 2) 31000 3) 8720 4) 8350 Assets = Liability + Owners Equity
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Cash Acct Reciev Allow for doubt acct
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Unformatted text preview: Retained Earn Bad Debt Exp Revenue 84000 2400 2400 2100 2100 150 150 150 150 218000 218000 220000 220000 2180 2180 79900 2630 a1 2630 2 79900 3 77270 b 2180 c it was a two step process where we had to add it back in to account recievable and take it away from allowence for bad debt before we could count it into cash and minus it from acct recievable...
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11-5 - Retained Earn Bad Debt Exp Revenue 84000 2400 2400...

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