Net Accounts Receivable: Allowance for Doubtful Accounts Video Lessons

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Problem: Under the allowance method for estimating uncollectible accounts, the journal entry to record the estimated bad debts a. reduces total assets b. increases net income c. has no effect on total assets d. has no effect on net income e. None of the above is correct.

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Problem Details

Under the allowance method for estimating uncollectible accounts, the journal entry to record the estimated bad debts

a. reduces total assets

b. increases net income

c. has no effect on total assets

d. has no effect on net income

e. None of the above is correct.

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Based on our data, we think this problem is relevant for Professor Proschko's class at TXSTATE.