[Answered] The adjusting entry for bad debts expense affects _________

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Author Question: The adjusting entry for bad debts expense affects __________. A) the Income statement B) the ... (Read 243 times)

JMatthes

Hero Member
Posts: 578

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

Sr. Member
Posts: 307

Reply #1 on: Jul 5, 2018

Answer to Question 1

D

Answer to Question 2

False

JMatthes

Hero Member
Posts: 578

Reply #2 on: Jul 5, 2018

Thank you

EAN94

Sr. Member
Posts: 307

Reply #3 on: Jul 5, 2018

No problemo

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Author Question: The adjusting entry for bad debts expense affects __________. A) the Income statement B) the ... (Read 243 times)

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