Pickford Co. estimates their bad debt expense will total $5,000 at the current year-end. What impact would recording the adjusting journal entry for bad debt expense have on the elements of the accounting equation: Assets Increase Liabilities [ Select ] , and Equity [ Select ) Pickford Co. writes off Curtis Bell's $5,000 account receivable as uncollectible after numerous attempts to contact him. What impact would this transaction have on the elements of the accounting equation assuming that Pickford uses the allowance method: Assets [ Select ] Liabilities ( Select ] v, and Equity [ Select ]