Question 7 (2 points) The entry to write off an uncollectible account under the allowance method reduces net income. True False Question 8 (2 points) It is possible to have a debit or credit balance in the allowance for doubtful accounts prior to adjustment. True False Question 9 (2 points) When a previosly written off account is collected, the first of a two step process is to reverse the write off, and then receipt the cash collected. True False Question 10 (2 points) A claim supported by a note has a stronger legal claim than an account receivable. True False