Match the term with its definition by placing the corresponding letter in the space provided: C Example:

Match the term with its definition by placing the corresponding letter in the space provided:

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C Example: Amounts owed to a business by another business or individual 1. A contra-account, related to accounts receiv- able, that holds the estimated amount of uncol- lectible receivables 2. A method of accounting for uncollectible receiv- ables in which the company waits until a specific customer's account receivable is uncollectible before recording uncollectible accounts expense 3. A method of recording receivable losses on the basis of estimates instead of waiting to see which customers the company will not collect from 4. The party to a credit transaction who sells goods or a service and obtains a receivable 5. A way to estimate uncollectible accounts by ana- lyzing individual accounts receivable according to the length of time they have been receivable 6. The party to a credit transaction who makes a purchase and has a payable 7. Cost to the seller of credit sales; arises from the failure to collect from credit customers 8. A method of estimating uncollectible receivables that calculates uncollectible accounts expense based on net credit sales a. Creditor b. Debtor c. Receivables d. Uncollectible Accounts Expense e. Allowance method f. Allowance for Uncollectible Accounts: g. Percent of sales method h. Aging method i. Direct write-off method