Exercise $7-28($Static$)$ Concepts; terminology $[$LO$7-1,7-2,7-3,7-4,7-5,7-6,7-7,7-8]$

Listed below are several terms and phrases associated with cash and receivables. Pair each item from List A $($by letter$)$ with the item from List B that is most appropriately associated with it$.$

List AList B$1.$ Internal controla. Restriction on cash$\mathrm{.}2.$ Trade discountb. Cash discount not taken is sales revenue$\mathrm{.}3.$ Cash equivalentsc. Includes separation of duties$\mathrm{.}4.$ Allowance for uncollectiblesd. Bad debt expense a $\%$ of credit sales$\mathrm{.}5.$ Cash discounte. Recognizes bad debts as they occur$\mathrm{.}6.$ Balance sheet approachf. Sale of receivables to a financial institution$\mathrm{.}7.$ Income statement approachg. Include highly liquid investments$\mathrm{.}8.$ Net methodh. Estimate of bad debts$\mathrm{.}9.$ Compensating balancei. Reduction in amount paid by credit customer$\mathrm{.}10.$ Discountingj. Reduction below list price$\mathrm{.}11.$ Gross methodk. Cash discount not taken is sales discount forfeited$\mathrm{.}12.$ Direct write$-$off methodl. Bad debt expense determined by estimating amount of accounts receivable expected to be received$\mathrm{.}13.$ Factoringm. Sale of note receivable to a financial institution.