Question 3 5 Points A provision for doubtful debts is to be increased at the end of an accounting period (representing a standard percentage charge to an increased value for total receivables). The journal entry required for this accounting adjustment is: A Debit - Purchases a/c (15): Credit - Bad debts a/c (15) B Debit - Bad debts a/c (IS): Credit - Provision for doubtful debts a/c (SOFP) Debit - Provision for doubtful debts a/c (SOFP): Credit - Bad debts a/c (IS) Debit - Bad debts a/c (15): Credit - Bank a/c (SOFP) Question 4 5 Points The opening accrual for Rent and Rates was 760. The closing accrualis 850. The journal entry required to account for Rent and Rates accrual adjustment is: Debit - Accruals a/c (SOFP) 850: Credit - Rent and Rates a/c (15) 760 B Debit - Rent and Rates a/c (15) 90: Credit- Accruals a/c (SOFP) 90 Debit. Rent and Rates E760: Credit Accruals a/c 850 Debit - Accruals a/c (SOFP) 90: Credit Rent and Rate a/c (1) E90