What are the correct answers or these problems?

8.

When the direct write off method of recognizing bad debts expense is used, the entry to write off a specific customer account would a. Increase profit. b. Have no effect on profit. c. Increase the accounts of receivable balance and increase profit. d. Decrease the accounts of receivable balance and decrease profit.When the direct write off method of recognizing bad debts expense is used, the entry at the time of collection of an account previously written off would a. Increase the amortized cost of the accounts receivable. b. Decrease the amortized cost of the accounts receivable. c. Increase profit. d. Decrease profit.Which of the following is not a basic characteristic of a system of cash control? a. Combined responsibility for handling and recording cash b. Daily deposit of all cash received c. Internal audits at irregular intervals d. Use of a voucher system Deposits held as compensating balances a. If legally restricted and held against long- term credit may be included among current assets. b. If legally restricted and held against short-term credit may be included as cash. c. If legally restricted and held against short-term credit should not be included in the cash balance but is reported among current assets. d. Usually do not earn interest.When comparing the allowance method of accounting for bad debts with direct write off method, which of the following is true? a. The direct write off method is exact and also better illustrates the matching concept. b. The direct write off method Is theoretically superior. c. The direct write off methods requires two separate entries to write off an uncollectible account. d. The allowance method is less exact but it better Illustrates the matching principles