Writing Off Accounts Receivable Quantum Technologies, a computer consulting firm, has decided to write off the $31,875 balance of an account owed by a customer. Illustrate the effects on the accounts and financial statements of recording the write-off based on the following assumptions: If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. (a) Assuming that the direct write-off method is used: Statement of Cash Flows Statement of Cash Flows (b) Assuming that the allowance method is used: Statement of Cash Flows Assets Statement of Cash Flows Assets Balance Sheet = Liabilities Balance Sheet Liabilities + + Stockholders' Equity Income Statement Stockholders' Equity Income Statement