Knowledge Check 01 The allowance method of accounting for bad debts has the following advantages over the direct wite-off method including. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect) Records estimated dad debts expense in the pertod when the related sales are recorded 2 Records estimated Dao debts expense when the account recevable is determined to be uncollectie 2 Reports accounts receivable the balance sheet at the estimated amount of cash to be collected 2 Reports cares on the income statement at the estimated amount of cash to be collected View transaction list Journal entry worksheet