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Question 2(1 point) Under the direct charge-off method, when a specific...

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Accounting

Question 2(1 point)
Under the direct charge-off method, when a specific account receivable is written off, what account is debited and what is the effect of the write-off on net income and on assets?
debit Accounts Receivable; the write off decreases net income and total assets debit Allowance for Uncollectible Accounts; the write off increases net income and total assets
debit Uncollectible Accounts Expense the write off decreases net income and total assets
debit Uncollectible Accounts Expense; the write off increases net income and total assets
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