hswer (3 points each) 1. What is the matching principle? Give an example of a transaction, event or accounting entry in which the matching principle would be applied. 2. What are the components of the Statement of Owners Equity 3. Post Company uses the direct write off method for recording bad debt expense. In 2015, a customer who owes Post $10,000 goes bankrupt and Post decides to write off the account. What is the impact of this write off on net income in 2015? *. Post Company uses the allowance or reserve method for recording bad debt expense. In 2015, a customer who owes Post $10,000 goes bankrupt and Post decides to write off the account. What is the impact of this write off on net income in 2015? 5. How is the Allowance for Doubtful Accounts typically shown on a classified balance sheet? 6. When preparing a bank reconciliation, how would you handle outstanding checks that the company has written and mailed, but have not cleared the bank? 7. How would you handle a check for $823 that was written properly, but was recorded in the company's accounts for $283? 8. A company's sales revenue affects both the Income Statement and the Balance Sheet. How