7. If a promissory note is dishonored, the payee should still record the interest. A. True B. False 8. The direct write-off method records Bad Debt Expense in the year the specific account receivable is determined to be uncollectible. A. True B. False 9. Although Allowance for Doubtful Accounts normally has a credit balance, it may have either a debit or a credit balance before adjusting entries are recorded at the end of the accounting period. A. True B. False 10. When the allowance method for accounting for uncollectible receivables is used, net income is reduced when a specific receivable is written off. A. True B. False