Indicate whether each statement best describes the allowance method or the direct write-off method.

	List	Method
1.	Usually does not best match sales and expenses because bad debts expense is not recorded until an account becomes uncollectible, which usually occurs in a period after the credit sale.
2.	Bad debts expense is recorded in the period in which the related sales occur.
3.	Bad Debts Expense is recorded when an account is determined to be uncollectible.
4.	An adjusting entry is generally required at the end of each period to estimate bad debts.
5.	The write-off of a specific customer account directly affects net income in that period.
6.	When an account is written off, debit Allowance for Doubtful Accounts.