Completion Status: ERST EAST DIST Moving to another question will save this response. Question 15 15 16 175 19 21 Question 15 of 21 6 points Save Answe Match each phrase from list A with the correct term from list B by placing the letter designating in the answer Colum Effective rate Monetary assets 8 Annuity Due B Restricted Cash LB Accounts Receivable 8 Net method B Sales Returns B Cash discount B Net realizable value 0. B Bad debts B Balance sheet approach 8 Income statement approach B Internal control A is the amount of the accounts receivable that the business expects to collect B. Bad debt expense determined by estimating net realizable value C. Sales are recorded at the invoice amount less the discount D. Reduces the amount paid by a credit customer if paid within a specified time E. Merchandise may be returned by a customer to a supplier F. The actual rate at which money grows per year G. result from credit customers who are unable to pay the amount they owe, regardless of continuing collection efforts H. Include money and claims to receive money in the future, the amount of which is fixed or determinable Cash flows occur at the beginning of each period J. Includes separation of duties K Bad debt expense a % of credit sales L The result from the credit sales of goods or services to customers M.Management's intent to use a certain amount of cash for a specific purpose