Matching Questions 137. Match each of the following terms with the appropriate definitions. A. Maker of a noteB. Bad debtsC. Aging of accounts receivableD. InterestE. Promissory noteF. Payee of a...

____ 1.

Amounts due from customers for credit sales.

____ 2.

A process of classifying accounts receivable by how long it is past its due date for the purpose of estimating the amount of uncollectible accounts.

____ 3.

A written promise to pay a specified amount of money, usually with interest, either on demand or at a definite future date.

____ 4.

The expected proceeds from converting an asset into cash.

____ 5.

The uncollectible accounts of credit customers who do not pay what they have promised.

____ 6.

The accounting principle that requires expenses to be reported in the same period as the sales they helped to produce.

____ 7.

The charge a borrower pays for using money borrowed.

____ 8.

A contra asset account with a balance approximating the amount of accounts receivable expected to be uncollectible.

____ 9.

The party who signs a note and promises to pay it at maturity.

____10.

The party to whom the promissory note is payable.