1. How many types of receivables are there? Briefly describe each type.

2. How many methods are there for companies to recognize uncollectible accounts? What are they?

3. Under the allowance method, what is the journal entry to record estimated uncollectibles?

4. Under the allowance method, what is the journal entry to record the write-off of an uncollectible account?

5. How to record the recovery of an uncollectible account?

6. What are the two bases for estimating uncollectibles?

7. How to compute interest on notes receivable?

8. What's the formula for calculating accounts receivable turnover?

9. What's the formula for calculating average collection period in days?