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Author Question: The adjusting entry for bad debts expense affects __________. A) the Income statement B) the ... (Read 119 times)

JMatthes

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on: Jul 5, 2018
The adjusting entry for bad debts expense affects __________.
 
  A) the Income statement
  B) the Balance sheet
  C) the Statement of cash flows
  D) both the Income statement and the Balance sheet

Question 2

A schedule of accounts payable is prepared from the list of accounts in the accounts receivable ledger.
 a. True
   b. False
   Indicate whether the statement is true or false


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EAN94

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

False


JMatthes

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Reply #2 on: Jul 5, 2018
Thank you


EAN94

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Reply #3 on: Jul 5, 2018
No problemo


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