1. What is the matching principle? 2. What are the two most common receivables ratios, and what do these ratios tell a stakeholder about the company? 3. What kind of an account (asset, liability, etc.) is Allowance for Doubtful Accounts, and is its normal balance a debit or a credit? 4. Which of the two methods of estimating uncollectibles provides for the most accurate estimate of the current net realizable value of the receivables? 5. The maker of a $240,000,6%,90-day note receivable failed to pay the note on the due date of November 30 . What accounts should be debited and credited by the payee to record the dishonored note receivable? 6. What is the principal of a note? 7. What are bad debts