Question 11 (4 points) Saved Under the direct write-off method of accounting for uncollectible accounts 1) the allowance account is increased for the actual amount of bad debt at the time of write-off. 2) a specific account receivable is decreased for the actual amount of bad debt at the time of write-off. 3) balance sheet relationships are emphasized. 4) bad debt expense is always recorded in the period in which the revenue was recorded. Question 34 (4 points) The matching principle 1) requires that all credit losses be recorded when an individual customer cannot pay. O2) necessitates the recording of an estimated amount for bad debts. 3) results in the recording of a known amount for bad debt losses. 4) is not involved in the decision of when to expense a credit loss