Principles of Accounting IIACC – 291 Week 1Discussion Question 1:How would you describe the entries to record the disposition of accounts receivables?What is their function?Discussion Question 2:How are bad debts accounted for under the direct write-off method?What are the disadvantages of this method?Discussion Question 3:[Please find an Annual Report from a company you want to use for the rest of the class. It can be your own company, a company from the resources at school, or one from the web. Try to answer all Discussion Questions by including detail from your source.]Why would you select the percentage of sales method for calculating doubtful accounts instead of the percentage of receivables method?Discussion Question 4 :[Please find an Annual Report from a company you want to use for the rest of the class. It can be your own company, a company from the resources at school, or one from the web. Try to answer all Discussion Questions by including detail from your source.]What is the difference between revenue expenditures and capital expenditures during a useful life?Are there similarities?· Individual Exercise E9.2.
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