MATCHING (8 points) 12. Match each description with the letter of the term to which it corresponds a. accounts receivable aging method b. allowance method c. days' sales uncollected d. direct charge-off method e. discounting f. factoring g. percentage of net sales method h. receivables turnover i. securitization 1. Selling notes receivable to a bank 2. Selling or transferring accounts receivable to another entity 3. Grouping receivables in batches and selling them at a discount 4. Shows how long it takes to collect accounts receivable 5. Shows how many times, on average, a company turned its receivables into cash during a period 6. Recognizing a loss only when a specific account receivable is determined to be uncollectible 7. Estimates bad debts to be matched with the revenues they helped to produce 8. Estimates bad debts as a percentage of net sales PROBLEM (1 Point) 14. Sam's Menswear has $11,600 in Accounts Receivable at December 31. Sam's accountant estimates that $600 of the $11,600 will never be collected. Complete the current asset section of the balance sheet below Current assets: Cash Short-term investments Accounts receivable $ 28,000 8,000 100.000 Inventory Total current assets