Crediting the estimated value of uncollectible accounts to a contra account.

The difference between the balance of Account Receivable and its contra account, Allowance for Uncollectible Accounts.

The difference between the balance of an Asset and its contra account.

The amount of accounts receivable a business expects to collect.

A method used to estimate uncollectible accounts receivable that assumes a percent of credit sales will become uncollectible.

A method that uses an analysis of accounts receivable to estimate the amount that will be uncollectible.

Analyzing accounts receivable according to when they are due.

Canceling the balance of a customer account because the customer does not pay.

A written and signed promise to pay a sum of money at a specified time.

A promissory note signed by a business and given to a creditor.

A promissory note that a business accepts from a customer.

The person or business that signs a note and thus promises to make payment.

The person or business to whom the amount of a note is payable.

The original amount of a note, sometimes referred to as the face amount.

The percentage of the principal that is due for the use of the funds secured by a note.

The amount that is due on the maturity date of a note.

The interest earned on money loaned.

A note that is not paid when due.

The allowance method of accounting for uncollectible accounts

When a customer account is written off under the allowance method, the book value of accounts receivable

A note

Total assets

The book value of A/R must be__________________ estimate of the money the business expects to collect in the future.

The accounting concept _____________________ is applied when the process of making accounting estimates is free from bias.

The expense of an uncollectible account should be

The account Allowance for Uncollectible Accounts has a normal

The account Allowance for Uncollectible Accounts is

The direct write off method