Problem 4 Matching (10 points) Place the appropriate letter next to the statement A. Accounts Receivable B. Allowance Method C. No Effect D. Direct Write-Off Method E. Net Realizable Value F. Aging Method G. Bad Debt Expense H. Receivables Written Off 1. Decrease Assets & Increase Expenses J. Allowance for Bad Debts 1. A/R less Allowance for Uncollectible Accounts 2. Considers that the longer past due the amount receivable is, the less likely it is to be collected. 3. The amount of the adjustment to the allowance for uncollectible accounts during the period. The effect of writing off an account receivable as a bad debt under the allowance method. 5. Recognizes bad debts when accounts become uncollectible Problem 5 (27 Points 3 points per box) Make sure all work is shown in the designated area!! Corporation for the month of October are as follows