dude7707
Level 5
03-03-2023
11:14 AM
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So since the Income was reported in 2022 and now they have w/off to Bad Debt to clear the clearing account (A/R), which would be the correct method in reclassing the Bad Debt expense in 2022?
1. Dr Income - Orginally reported to.
Cr. Bad Debt
Or
2. Leave as is Bad Debt.