ABC accounts for bad debts using the allowance method. On 6/1, ABC wrote off DE's $2,500 account. What effect will this write-off have on ABC's balance sheet at the time of the write-off? Multiple Choice search No effect An increase to stockholders' equity and a decrease to liabilities. A decrease to assets and a decrease to stockholders' equity An Increase to assets and an increase to stockholders' equity 20 < Prev 44 of 60 Next > 57F 7 0