12 Answer saved Marked out of 1.00 Flag question Time left Using the % of sales method of estimating uncollectible receivables, the estimated uncollectibles is recorded as the adjusted balance in the allowance for doubtful account at year end. Select one: True OFalse Question 14 Answer saved Marked out of 1.00 Flag question A business is aging their receivables on December 31, 2020 in order to estimate their uncollectible receivables. A customer's receivable due date was Sept 12, 2020. The age of this customer's receivable (amount of days past due) would be 109 days. Select one: True False Question 6 Answer saved Marked out of 1.00 Flag question Time left Using the allowance method of accounting for uncollectible receivables, if bad debts is not recorded for the period (the adjusting entry was omitted), it would cause the total assets on the balance sheet to be understated. Select one: True False Question 8 Answer saved Marked out of 1.00 Flag question Time left 0:2 Using the Direct Write Off Method of accounting for uncollectible receivables does not allow a business to properly match its revenues with its expenses in the same accounting period. Select one: O True False