When a business pledges its accounts receivable, it transfers the right to collect cash from customers to the bank.

True

False

Under the direct writeminus off method, which of the following is included in the entry to write off an uncollectible account? A. a credit to the Allowance for Bad DebtsB. a credit to the customer's Account ReceivableC. a debit to Allowance for Uncollectible AccountsD. No entry is made to write off uncollectible accounts.