Question: Please just answer the question and put your own words it doesnt have to be very long. 1. Receivables are a significant part of a

Please just answer the question and put your own words it doesnt have to be very long.

1. Receivables are a significant part of a company's assets. What are included in a company's receivables?

2. What time of asset are receivables and what financial statement(s) do they get reported in?

3. Unfortunately, some of our receivables are never paid. How do we handle unpaid/uncollectable receivables? What is debited and what is credited?

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