This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: and this is not supposed to mathematically transfer to the allowance for doubtful accounts. 5. 5125 = bad debt expense 77400-56560- 5125 15715- 5620 10095 = Net income With this bad debt expense the trend of an increase in Net income will no longer exist. 6. It is unethical for the controller to say that he would like to see 8,000 in doubtful accounts just so he does not look bad. It is also unethical for me to adjust entries to receive that 8,000 doubtful accounts marker that my controller had suggested, since the only way to receive doubtful accounts of 8,000 is through correct mathematical calculation with no false adjustments....
View Full Document
This note was uploaded on 04/07/2008 for the course ACCT 200 taught by Professor Williams during the Fall '07 term at Marist.
- Fall '07
- Financial Accounting