The journal entry to record the write-off of an uncollectible receivable under the allowance method would involve the following accounts as indicated:

a. Allowance for Uncollectible Accountsxx Uncollectible Accounts Expensexx

b. Allowance for Uncollectible Accountsxx Accounts Receivablexx

c. Uncollectible Accounts Expensexx Allowance for Uncollectible Accountsxx

d. Uncollectible Accounts Expensexx Accounts Receivablexx

a

b

c

d

e none of these

19.

Internal controlsare

a policies and procedures designed to safeguard a company’s assets.

b are policies and procedures designed to produce accurate accounting records.

c are the responsibility of a company’s management to develop and implement.

d are policies and procedures designed to safeguard a company’s assets and are policies and procedures designed to produce accurate accounting records.

e All of these are true.

20.

Sales taxes collected from customers upon the sale of merchandise are typically included on the selling company’s books as

a revenue.

an expense.

a liability.

both a revenue and an expense

both an expense and a liabilit