Match each key term with its definition

Contra asset account with a balance approximating uncollectible accounts receivable Amount that the signer of a note agrees to pay back when it matures, not including interest. A method of accounting for bad debts that matches the estimated loss from uncollectible accounts receivable against the sales they helped to produce. Choose... Direct write-off method Bad debts Percent of sales method Principal of a note Allowance for doubtful accounts Interest Allowance method Accounts receivable Amounts due from customers for credit sales Method that records the loss from an uncollectible account receivable at the time it is determined to be uncollectible; no attempt is made to estimate bad debts Choose... Charge for using money (or other assets) loaned from one entity to another. Choose... Accounts of customers who do not pay what they have promised to pay, an expense of selling on credit; also called uncollectible accounts. Choose... The allowance method based on the idea that a given percent of a company's credit sales for the period is uncollectible. Choose