2:04 AA R = 200 +20 Accounts receivable arise from credit sales to customers by both retailers and wholesalers. T Crade soles arerecorded by crediting an account recevable for a specfic customer . False As long as a company arotahy records credt sales information tis not necessary to hawe account sfor spacific customers True False If customer owes interest on abil Accounts Receivable is debited, and interest Expense is credited Tue False TechCom customer CA Electronics paid off an $8,300 balance on its account receivable TechComs hould record the transaction as a debt to Accounts ReceivableRDA Electronics and a credit to cash. True If the allowance method is used, the purnal entry to record the reinstatement of an account previous y written of in the current period ncludes a debt to Accounts Receivable and a credit to Bad Debt ex True False TechComes S40,000 in outstanding accounts receivable Past experience suggests that 5% of outst anding receivables areuncollectible. The current balance in thealowance for doubtful accountsis 2 300 debt. The requred adjusting journal entry includes a debit to bed debt expense for $4,500 True Accounts receivable accounts for specificcustomers are mportant because they show How much each customer purchases? . How much each customer has paid? Hewirudh ach customer slices? The basis for sending als to customers . Ale Which accounting principle requires reporting expenses in the same period as the sales they helped to produce Being concern . Matching Business entit If the balance of the Allowance for Doubtful Aunts account years the amount of a haddeht hai >