The allowance method for estimating uncollectible accounts offers several approaches: the percent of sales approach and the aging of accounts approach are two of these. When you complete the aging of accounts receivable, the uncollectible amount determined from this process is: A. The amount that is written off for these particular accounts B. The amount that is debited or credited to the allowance account C. The amount that becomes the new balance of the allowance account D. The amount that is the net realizable portion of the accounts receivable A merchandising transaction includes the following: Terms FOB Shipping Point. The seller pays the shipping costs and sends the bill to the buyer. What account would the buyer most likely credit? A. Cash B. Accounts Payable C. Cost of Goods Sold D. Freight Expense E. Inventory