11. Which of the following is part of the cash account? a. Advances to employees b. Cash received after the balance sheet dates C. Returned checks d. Unreleased checks which were drawn before the balance sheet date but held for later delivery to creditors. 12. When the allowance method of recognizing bad debts expense is used the entry to recognize the expense? a. Increases net income b. Decreases current assets c. Has no effect on current assets d. Has no effect on net income 13. The basis of estimating uncollectible accounts that focuses on the income statement rather than the balance sheet is the? a. Percentage of sales b. Aging of the accounts receivable c. Direct write-off of receivables d. Percentage of receivables 14. Under the allowance method of recognizing uncollectible accounts, the entry to write-off an uncollectible account a. Increase the allowance for uncollectible accounts b. Has no effect on the allowance for uncollectible accounts c. Has no effect on net income d. Decreases net income 15. Which of the following methods of determining annual bad debt expense best achieves the matching concept? a. Percentage of sales b. Percentage of ending accounts receivable c. Percentage of average accounts receivable d. Direct write-off