Question: ABC Company uses the aging method to estimate bad debts and wrote-off two customer accounts, each for $2,000, when ABC learned that both of these

ABC Company uses the aging method to estimate bad
ABC Company uses the aging method to estimate bad debts and wrote-off two customer accounts, each for $2,000, when ABC learned that both of these companies had filed for bankruptcy. However, later during the year, one of the customers paid their entire $2,000 balance. The other customer has not paid any part of its balance. What is the effect of the write-offs and subsequent recovery on ABC's total assets? O No effect O $2,000 increase O $4,000 decrease O $2,000 decrease O %$4,000 increase

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