BDA Revision: Warm-up

Organize these options into the right categories

Groups:

(a) Prepaid Expense

,

(b) Supplies

,

(c) Unearned Income

• Rent expense

• Insurance expense

• Advertising expense

• Stationery

• Cleaning

• Fees

Organize these options into the right categories

Groups:

(a) Accrued Expense

,

(b) Accrued Income

• Interest income

• Telephone expense

• Electricity expense

• Wages or salary expense

• Interest revenue

Write off addtional bad debts

e

f

g

Bad debts

Doubtful debts

GST credits

Accounts receivable

GST payable

Allowance for doubtful debts

Accounts payable

Transfer of bad debts

a

d

Accounts receivable

Allowance for doubtful debts

Doubtful debts

Bad debts

Set a new allowance for doubtful debts

b

c

Allowance for doubtful debts

Doubtful debts

Bad debts

Accounts receivable