If Hilo Company uses the allowance approach. Which item below is the best explanation for why the company uses the allowance approach? Under the allowance approach, Bad Debt Expense shows the actual amount of uncollectible accounts that are written off during the period. The allowance approach does not require estimating bad debts. the allowance approach is consistent with the expense recognition principle. the allowance approach requires fewer journal entries, compared to the direct write-off method