1. Explain the importance of each of the special journals and what, if any, unique characteristics can be identified.

2. What method of accounting for uncollectible accounts is generally required for financial accounting purposes?

3. Describe the steps to follow when using the allowance method to account for uncollectible expenses.

4. Describe the process followed when estimating bad debt expense under the percentage of sales method.

5. Describe the process followed when estimating uncollectible accounts under the percentage (aging) of receivables method.