The general journal is used to record receipt of cash sales of merchandise disbursements of cash adjusting, closing, or reversing entries Which of the following methods for determining bad debt expense records the bad debt only when it is actually identified? direct write-off method projected write-off method estimated write-off method specialized write-off method Select the term that matches the following definition: The requirement for accounts and financial statements to show the actual cost rather than the current value assigned to an asset. Cost principle Equity principle Matching principle Monetary unit principle