Using the table below, fill in the missing items for each sentence. (10 points) Direct write off Aging method Bad debt expense AR Allowance account % of credit sales % of credit sales Cost of goods sold Note receivable Allowance method Bank Net realizable value Deposit in transit books % of receivables Reconciling items Lower of cost or market NSF Outstanding checks FIFO LIFO Weighted average Ending inventory Net purchases Goods available for sale 1. Bank errors are items for the 2. When calculating cost of goods sold, beginning inventory plus give us 3. The inventory that is still on hand at the end of the month is called _and the inventory that is sold is called 4. When is subtracted from AR we get 5. On the balance sheet uncollectible are represented by the while on the income statement uncollectible are represented by 6. The method calculates cost of goods sold by dividing the __by the number of units on hand. 7. The write off methods are the and the 8. Checks that are not on the bank statement are called item for the bank. and are 9. The inventory method that sells the most recent purchases first is called 10. The inventory method that sells the oldest purchases first is called