Problems I. Accounting terminology-Match the following terms with the explanations below A) Accounts Receivable Turnover Rate B) Allowance for Doubtful Accounts C) Direct Write Off Method D)Account,ReceivableAging Method (1) A means of accounting for doubtful accounts which does not recognize any expense until specific receivables are determined to be worthless and is not GAAP (2) An account showing the amount of estimated uncollectible receivables. (3) The process of estimating uncollectible accounts by classifying accounts receivables by age roups. (4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts ceivable statement for your company's account and need to reconcile it with your generai t. Your records show an ending balance for the month of $12,022 while the bank's records w an ending balance of $12,340. The bank charged $22 in service fees and pa checks written during the month were processed by the bank ptions were heck #850 for $365 had not yet been processed by the bank. eck #851for S440 had not yet been processed by the bank. t two of the deposits made during the month were processed by the bank without incident. The two id $35 in interest. All but without incident during the month. The thr ons were: stomer check for $250, which had been deposited during the month, was returned NSF posit totaling $250 had not yet been processed by the bank. e information provided above, prepare a bank reconciliation. Bal Balanc Problems I. Accounting terminology-Match the following terms with the explanations below A) Accounts Receivable Turnover Rate B) Allowance for Doubtful Accounts C) Direct Write Off Method D)Account,ReceivableAging Method (1) A means of accounting for doubtful accounts which does not recognize any expense until specific receivables are determined to be worthless and is not GAAP (2) An account showing the amount of estimated uncollectible receivables. (3) The process of estimating uncollectible accounts by classifying accounts receivables by age roups. (4) Dividing net sales by average receivables to create a ratio to measure the liquidity of accounts ceivable statement for your company's account and need to reconcile it with your generai t. Your records show an ending balance for the month of $12,022 while the bank's records w an ending balance of $12,340. The bank charged $22 in service fees and pa checks written during the month were processed by the bank ptions were heck #850 for $365 had not yet been processed by the bank. eck #851for S440 had not yet been processed by the bank. t two of the deposits made during the month were processed by the bank without incident. The two id $35 in interest. All but without incident during the month. The thr ons were: stomer check for $250, which had been deposited during the month, was returned NSF posit totaling $250 had not yet been processed by the bank. e information provided above, prepare a bank reconciliation. Bal Balanc