BDA Revision: Warm-up

Organize these options into the right categories

Groups:

(a) Prepaid Expense

,

(b) Supplies

,

(c) Unearned Income

• Insurance expense

• Cleaning

• Rent expense

• Fees

• Stationery

• Advertising expense

Organize these options into the right categories

Groups:

(a) Accrued Expense

,

(b) Accrued Income

• Telephone expense

• Interest revenue

• Wages or salary expense

• Electricity expense

• Interest income

Write off addtional bad debts

e

f

g

Accounts payable

GST payable

Allowance for doubtful debts

Accounts receivable

Doubtful debts

GST credits

Bad debts

Transfer of bad debts

a

d

Bad debts

Accounts receivable

Allowance for doubtful debts

Doubtful debts

Set a new allowance for doubtful debts

b

c

Doubtful debts

Accounts receivable

Allowance for doubtful debts

Bad debts