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The Allowance for doubtful accounts has a $100 unadjusted debit balance. make an adjusting entry at the end of the current period to accrue the interest earned. Bad Debt Expense increases (debit), and Allowance for Doubtful Accounts increases (credit) for $22,911.50 ($458,230 5%). credit to Account Receivable because its 2 month per year for each year. To record the payment itself, you would then debit cash, and credit accounts receivable. Amortization vs. Depreciation: What's the Difference? Allowance for doubtful accounts. Company B- 5.6 times, Rank company's least favorable to most favorable. Always print your signature, Please help me 50 WORDS MINIMUM, read the post of my classmates. For Example, the accounts receivable for the Previous Accounting Year was Rs.70000 and there was a provision for . //