Question 9 - Which of the following is an advantage of using the direct write-off method?

	The revenue associated with the sale might be recognized in one period and the expense resulting from the uncollectible account recognized in another.
	The amount of Bad Debt Expense recognized in a given period is subject to manipulation by management.
	The amount of Accounts Receivable reported on the balance sheet does not represent the amount of cash actually expected to be collected.
	It is very simple to apply.

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Question 12 - The journal entry for accrued interest on a note payable includes

	crediting Interest Expense.
	debiting Accrued Interest Receivable and crediting Interest Revenue.
	debiting Accrued Interest Payable and crediting Interest Expense.
	debiting Interest Expense and crediting Accrued Interest Payable.