Question 3 (1 point) DeVries uses an allowance method for recording bad debts. DeVries previously wrote off a $1,000 of accounts receivable from Morris Corporation. However, Morris subsequently paid the full amount. The entry to record collection would include: O a credit to Cash for $1,000. O a credit to Allowance for Uncollectible Accounts for $1,000. O a credit to Uncollectible Accounts Expense for $1,000. O None of these. a debit to Uncoilectible Accounts Expense for $1,000. Question 4 (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: O $32,000 O $18,600 O None of these. $7,000 O $25,600 Question 5 (1 point) The allowance method generally is considered preferable to the direct write-off method because the allowance method: O reflects the actual facts as they have taken place. None of these. recognizes the expense of a bad debt in the same period as the sale. relies on estimates which are always accurate and stable among years. recognizes expense when a specific account is determined to be uncollectible