Match each description to the appropriate term (a-d). Each term may be used more than once. This method records bad debts when specific accounts are deemed uncollectible. Answer 1 This method is most often used by small companies with few receivables. Answer 2 With this method, there is no allowance account. Answer 3 This method is based on the theory that older accounts are less likely to be collected. Answer 4 This method focuses on the balance sheet. Answer 5 When using this method, estimated bad debts are added to the existing allowance balance. Answer 6 This method focuses on the income statement. Answer 7 This method estimates the uncollectible accounts receivable at the end of the accounting period.