24. The collection of an account that had been previously written off under the allowance method of accounting for uncollectibles A) will increase income in the period it is collected. B) will decrease income in the period it is collected. C) requires a correcting entry for the period in which the account was written off. D) does not affect income in the period it is collected. 25. A debit balance in the Allowance for Doubtful Accounts A) is the normal balance for that account. B) indicates that actual bad debt write-offs have exceeded previous provisions for bad debts. C) indicates that actual bad debt write-offs have been less than what was estimated D) cannot occur if the percentage of sales method of estimating bad debts is used. 26. Under the direct write-off method of accounting for uncollectible accounts, Bad Debts Expense is debited A) when a credit sale is past due. B) at the end of each accounting period. C) whenever a pre-determined amount of credit sales have been made. D) when an account is determined to be uncollectible. 27. An alternative name for Bad Debts Expense is A) Deadbeat Expense. B) Uncollectible Accounts Expense. C) Collection Expense. D) Credit Loss Expense. 28. A reasonable amount of uncollectible accounts is evidence A) that the credit policy is too strict. B) that the credit policy is too lenient. C) of a sound credit policy. D) of poor judgments on the part of the credit manager. 29. Two methods of accounting for uncollectible accounts are the A) allowance method and the accrual method. B) allowance method and the net realizable method. C) direct write-off method and the accrual method. D) direct write-off method and the allowance method