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Accounting University Cheat Sheet (DRAFT) by

This is a draft cheat sheet. It is a work in progress and is not finished yet.

Accounts Receivable

Dr AR
Cr Sales

Allowance For Doubtful Accounts

Dr A4DA
Cr AR

Writing Off An Account

Dr AR
Cr AR
Cr A4DA
Dr Cash

Bad Debt Expense

Cr A4DA
Dr Bad Debt Expense
1. Calculate TB of A4DA
2. Calculate EB of A4DA (usually given in percent of AR)
3. The difference between EB and TB is Bad Debt Expense

Sales Discounts OR R&A

Cr Sales
Cr Sales Discounts, Returns and Allowances
 

Notes Receivable

Cr AR
Dr NR

NR Paying

Cr AR