At the end of a period (before adjustment), Allowance for ...

[Hungry!]

At the end of a period (before adjustment), Allowance for Doubtful Accounts has a credit balance of 5,000 . TheAccounts Receivable balance is analyzed by aging the accounts and the amount estimated to be uncollectible is50,000 . The amount to be recorded in the adjusting entry for the Bad Debt Expense is 45,000.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

The statement of cash flows explains the details of the change in the cash balance during an accounting period.
 
  Indicate whether the statement is true or false

[Sweetkitty24130]

Answer to Question 1

True

Answer to Question 2

TRUE

[Hungry!]

Thanks for the timely response, appreciate it

[amandanbreshears]

Gracias!