1. Notes and accounts receivable that result from sales transactions are often called ___________________ receivables.

2. Two accounting problems associated with accounts receivable are (1) ______________
and (2) ________________ accounts receivable.

3. The net amount expected to be collected in cash from receivables is the ________________

4. When credit sales are made,_____________ Expense is considered a normal and necessary risk of doing business on a credit basis.

5. The two methods used in accounting for uncollectible accounts are the _____________method and the ______________ method.

6. Allowance for Doubtful Accounts is a ______________ account which is ____________from Accounts Receivable on the balance sheet.

7. When the allowance method is used to account for uncollectible accounts, _________ is debited when an account is determined to be uncollectible.

8. The ________________ basis of estimating uncollectibles normally results in the best approximation of _____________ value.

9. Collection of a note receivable vAll result in a credit to _________________for the face value of the note and a credit to __________________

10. A note that is not paid on the maturity date is said to be ____________________.

11. A concentration of ____________ is a threat of nonpayment from a single customer or class of customers.

12. The ratio used to assess the liquidity of accounts receivable is the ___________ ratio.

13. A finance company or bank that purchases receivables from businesses is known as a ______