Short Answer 1. Which are the two most common receivables ratios, and what do these ratios tell a stakeholder about the company? 2. Which kind of an sccount (asset, liability, etc.) is Allowance for Doubtful Accounts, and is its normal balance a debit or a credit? 3. Which of the two methods of estimating uncollectibles provides for the most accurate estimate of the current net realizable value of the recelvables? Why? 4. The maker of a $240,000,6%,90-day note receivable failed to pay the note on the due date of November 30 . Which accounts should be debited and credited by the payee to record the dishonored note receivable? 5. Define what the principal of a note is: 6. What are bad debts and do they always mean a company is inefficient on collecting receivables