Using the following categories, indicate the effects of the following transactions. Use + for increase and...

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Using the following categories, indicate the effects of the following transactions. Use + for increase and - for decrease and

business accounting

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Answer 1

Answer #1

	Assets		=	Liabilities	+	Stockholders' Equity
a.	Allowance for doubtful accounts	-15000				Bad debt expense	-15000

b.	Allowance for doubtful accounts	+9500
	Accounts receivable	-9500

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Answer 2

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