Question 10 (5 points) Match each description to the appropriate term (a-d). Each term may be used more than once. With this method, there is no allowance account. This method is based on the theory that older accounts are less likely to be collected This method focuses on the balance sheet 1. Direct write-off method This method is most often used by small companies with few receivables. 2 Aging of receivables method oc Offers two methods of estimating uncollectible accounts. 3. Percent of sales method 4. Allowance method This method focuses on the income statement When using this method, estimated bad debts are added to the existing allowance balance V This method records bad debts when specific accounts are deemed uncollectible