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A marketing professor wanted to do everything possible to ensure that her students understood her lectures. Accordingly, she used examples of marketing activities with which most students were familiar. For example, the professor discussed the marketing exchanges between students and grocers, college bookstores, convenience stores, and clothiers. The examples used by the professor were her attempt to ________ her message to encourage better understanding on the part of her students.
Bad Debts Expense
An expense reported on the income statement, representing the estimate of receivables that are not expected to be collected.
Contra Account
An account used in the ledger to offset a related or a parent account, often showing the amount of reductions or adjustments to the main account.
Sales Account
An account in the general ledger that records the sales of goods or services.
Uncollectible Accounts
Accounts receivable that a business does not expect to collect due to customers being unable or unwilling to pay.
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