1) Accounts receivable-what is it? Why do companies use Accounts Receivable? 2) Allowance for Doubtful Accounts At the time of sale, an allowance for accounts that won't be collected is established on the balance sheet. Where is this account reported? a) b) The net amount of Accounts Receivable and the Allowance for Doubtful Accounts is known as: What are the common methods for determining what amount should be added to the Allowance for Doubtful Accounts? 3) al b) c) 4) What is the impact of establishing the allowance to the horizonta equation? Cash AssetsLiabilitiesStockholders Equity RevenuesExpensesNet income Flow