If the direct write-off method of accounting for uncollectible receivables is used, what general ledger account is credited to write off a customer's account as uncollectible? a. Accounts Receivable b. Interest Expense c. Uncollectible Accounts Expense d. Allowance for Doubtful Accounts

The Allowance for Doubtful Accounts account is a contra-account that offsets: Multiple Choice Bad Debt Expense. Cash. Net Income. Accounts Receivable.

Which of the following statements is false?   a) An entry to write off an uncollectible account does not change the net realizable value of accounts receivable.   b)The issuer ofa note records a receivable on their books on the date the note is issued.   c)Using the allowance method of accounting for accounts receivables follows the matching concept.   d)Recording an accrued asset for interest increases stockholders' equity.