Select the one term that best fits each definition
-Canceling the balance of a customer account because the customer does not pay.
A) aging of accounts receivable
B) allowance method
C) book value
D) book value of accounts receivable
E) dishonored note
F) interest income
G) interest rate
H) maker of a note
I) maturity date
J) maturity value
K) net realizable value
L) note payable
M) note receivable
N) payee
O) percent of accounts receivable method
P) percent of sales method
Q) principal
R) promissory note
S) time of a note
T) writing off an account
Correct Answer:
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