Question 1 (1 point) The allowance method generally is considered preferable to the direct write-off method because the allowance method: O relies on estimates which are always accurate and stable among years. recognizes the expense of a bad debt in the same period as the sale. None of these. reflects the actual facts as they have taken place. recognizes expense when a specific account is determined to be uncollectible. Question 3 (1 point) Annual sales were $1,600,000, and the January 1 Allowance for Uncollectibles had a credit balance of $25,000. $18,600 of accounts were written off during the year. Using the percentage of sales technique and a 2% rate, uncollectible accounts expense is: $32,000 None of these. $7,000 $25,600 $18,600