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Shupe Inc. estimates uncollectible accounts based on the percentage of accounts receivable. What effect will...

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Accounting

Shupe Inc. estimates uncollectible accounts based on the percentage of accounts receivable. What effect will recording the estimate of uncollectible accounts have on the accounting equation?

Question 7 options:

Increase liabilities and decrease stockholders' equity.

Increase assets and decrease stockholders' equity

Decrease assets and decrease liabilities.

Decrease assets and decrease stockholders' equity

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