chapter8 receivables- erie community college（chapter8应收账款-伊利社区学院）.docVIP

CHAPTER 9Receivables discussion questions 1. Receivables are normally classified as (1) accounts receivable, (2) notes receivable, or (3) other receivables. 2. Elite Hardware should use the direct write-off method because it is a small business that has a relatively small number and volume of accounts receivable. 3. Contra asset, credit balance 4. The accounts receivable and allowance for doubtful accounts may be reported at a net amount of $443,700 ($471,200 – $27,500) in the Current Assets section of the balance sheet. In this case, the amount of the allowance for doubtful accounts should