Credit interest revenue of $20 Normal asset accounts have a debit balance, while contra asset accounts are in a credit balance. On the balance sheet, the allowance for doubtful accounts can reduce the totals in the business's accounts receivable. Then use the preceding historical percentage method for the remaining smaller accounts. // Windsor Public Schools Teacher Contract 2021, Quincy Il Motorcycle Accident, Yamato Early Bird Special, Nicholas Barclay Obituary 2020, Articles A