Chapter 14

2. a promissory note that a business accepts from a person or business
4. amount of accounts receivable a business collects
6. difference between asset account balances and related contra account balances
8. analyzing AR to when they are due
11. a method used to estimate uncollectible accounts receivable for percent of sales
12. the person or business to whom the amount of note is payable
13. crediting estimated value of uncollectible accounts to contra account
14. recording uncollectible account expenses when the amount is actually known to be uncollectible
15. someone signs a note, and thus promises to make payment

1. difference between accounts receivable and contra account
3. canceling the balance of a customer account because the customer didn’t pay
5. a method used to estimate uncollectible accounts receivable for percent of accounts receivable
7. a written and signed promise to pay a sum of money at a specific time
9. promissory note signed by business and given to a creditor
10. accounts receivable that cant be collected