Weather and Climate. The weather in Abaco is generally consistent throughout the changing seasons. The summer months consists of gentle trade winds, but warm temperatures. It is common for isolated thunderstorms to come and go quickly during the months of May through September.
All the increases or decreases occur within the partnerâs capital accounts. other words, the partner capital accounts are the equity accounts. makes a capital contribution, then his/her capital account is increased (credit). the partner takes a distribution, then the capital account is decreased (debit).
Increase the bad debt expense account with a debit and decrease the accounts receivable account with a credit. For example, if customer Lucy has a 91-day late $125 invoice, your write-off journal entry would look like this: Bad Debts Expense - Debit $125 Accounts Receivable - Credit $125.