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Business, 10.11.2019 05:31 aydanbelle

5. assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect the balance sheet and income statement? on the balance sheet, assets would be by because the allowance for doubtful accounts would be by . in addition, the owner’s capital account would be by because bad debt expense would be and net income by on the income statement.

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5. assume that the adjusting entry in (4) was inadvertently omitted, how would the omission affect t...
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