Match the Person or Term with the with the Correct

question 57

Multiple Choice

Match the person or term with the with the correct description.
-peculiar institution

• A)system to help slaves escape to the North
• B)slave trade within the United States
• C)poor work and breakage of tools
• D)slavery
• E)managed slaves in the field
• F)three-fourths of the world's supply
• G)treating slaves in a fatherly manner
• H)working in the fields side-by-side
• I)escaped bondage
• J)Charleston, South Carolina
• K)guaranteed equality for whites
• L)trickster tale

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Definitions:

Doubtful Accounts

Accounts receivable that a company considers unlikely to be collected and therefore may be written off as a bad debt expense.

Adjusting Entry

Journal entries made at the end of an accounting period to update the accounts for accruals and deferrals not recorded during the period.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated portion of accounts receivable that may not be collectible.

Percentage-of-Receivables Basis

A method used to estimate the amount of bad debt expense by applying a fixed percentage to the total amount of accounts receivable.