Match each of the following terms with its definition. Each term is used only once
a. Allowance for uncollectible accounts
b. Net receivables
c. Contra-asset account
d. Credit card sales
_____ 1. An account that is subtracted from a related asset account
_____ 2. Credit sales made to customers who pay for the sale with a credit card issued by a bank or financial institution
_____ 3. The amount of accounts receivable a company actually expects to collect in cash
_____ 4. A contra account to accounts receivable, which shows the amount of money considered to be uncollectible from customers
c, d, b, a
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