Kimmel, Accounting, 6e TIMER Multiple Choice Question 123 The direct write-off method of accounting for bad debts O is the preferred method under generally accepted accounting principles O uses an allowance account. O uses a contra asset account. O does not require estimates of bad debt losses. Click if you would like to Show Work for this question: Oren Show Work Question O Type here to search 2 3 5 6 8 0