QUESTION 5 Which of the following is the best description of accounting's role in business? a. Accounting is not responsible for providing any form of information to users. That is the role of the Information Systems Department. b. Accounting helps in decreasing the credit risk of the company. Accounting provides information to managers to operate the business and to other users to make decisions regarding the economic condition of the company. d. Accounting provides stockholders with information regarding the market value of the company's stocks, QUESTION 6 Allowance for Doubtful Accounts has a debit balance of $600 at the end of the year (before adjustment), and an analysis of accounts in the customers ledger indicates uncollectible receivables of $13,000. Which of the following entries records the proper adjusting entry for bad debt expense? a. debit Allowance for Doubtful Accounts, S600; credit Bad Debt Expense, 5600 b.debit Bad Debt Expense, S12,400; credit Allowance for Doubtful Accounts, $12,400 c. debit Bad Debt Expense, $13,600; credit Allowance for Doubtful Accounts, $13,600 d. debit Bad Debt Expense, S600; credit Allowance for Doubtful Accounts, 5600