chapter 14

5. difference between asset’s account balance and its related contra account balance.
6. original amount of note
7. accounts receivable that cannot be collected
9. canceling balance of a customer account because the customer doesn’t pay.
10. recording uncollectible account expenses only when amount is uncollectible.
14. note that a business accepts from a person or business.
15. crediting the estimated value of uncollectible accounts to contra account.
16. amount of accounts receivable a business expects to collect.

1. used to estimate uncollectible accounts receivable that uses analysis of AR to predict amount that is uncollectible.
2. difference between the balance of AR and its contra account.
3. written and signed promise to pay sum of money at specified time.
4. analyzing accounts receivable according to when they are due.
8. person or business to who the amount of a note is payable.
11. person or business that signs a not, and promises to make a payment.
12. note signed by a business and given to a creditor.
13. percentage of the principal that is due for the us of funds secured by note.