Question 2 (10 points) Match each of the following terms with the most appropriate definition. A process of cassifying customer accounts by how long they are past their due dates for the purpose of estimating the amount of uncollectible accounts. The accounts of customers who do not pay what they have promised to pay a company. One who signs a note and promises to pay it at maturity. 1 Maker 2. Bad Debts The accounting convention that requires expenses to be reported in the same period as the sales they helped to produce. 3. Aging of Accounts Receivable 4. Interest The expected proceeds from converting an asset into cash. 5. Promissory Note 6. Payce 7. Accounts Receivable A contra asset account with a balance approximating the amount of accounts receivable expected to be uncollectible. 8. Allowance for Doubtful Accounts Realizable Value 9. The one to whom the promissory note is made payable. 10. Matching Principle Amounts due from customers from credit sales. The cost of borrowing money for a borrower, alternatively the profit from lending money for a lender. A written commitment to pay a specified amount either on demand or at a definite future date