If a factoring arrangement is made without the buyer can't ask the seller for more money if the recievables prove to be uncollectible. Multiple Choice O recourse O guarantee guarantee O securitization O pledging collateral When looking at an aging schedule for accounts receivable, typically the an account has been outstanding, the more likely it will not be collected. Multiple Choice longer O shorter shorter Which is NOT one of the 4 steps in discounting a notes receivable to a bank if it's accounted for as a sale? Multiple Choice Adding a discount Recording a gain/loss Adding interest to maturity to calculate the maturity value Accruing interest on the note earned thus far Which of the following journal entries would you NOT book according to U.S. Generally Accepted Accounting Principles (GAAP)? Multiple Choice Debit Bad Debt Expense, Credit the Allowance for Uncollectible Accounts 0 Debit Bad Debt Expense, Credit Accounts Receivable 0 Debit Cash, Credit Accounts Receivable 0 Debit Allowance for Uncollectible Accounts, Credit Accounts Receivable