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Unformatted text preview: 5000 Allowance for Doubtful Accounts (XA+ A-) 5000 Account (3) Bad Debt Expense (E+ SE-) 7800 Allowance for Doubtful Accounts (XA+ A-) 7800 B All accounts should be incorporated under "Selling" expenses in the income statement The accounts decrease net income and stockholders equity Accounts Receivable could not be credited in the journal entry because there is no way to know which customers accounts receivable are involved. E6-16 E6-25...
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- Fall '07
- Expense, Generally Accepted Accounting Principles, Gross profit percentage, Decker