Question: Question 2 ( 1 point ) Under the direct charge - off method, when a specific account receivable is written off, what account is debited
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Under the direct chargeoff method, when a specific account receivable is written off, what account is debited and what is the effect of the writeoff on net income and on assets?
debit Accounts Receivable; the write off decreases net income and total assets debit Allowance for Uncollectible Accounts; the write off increases net income and total assets
debit Uncollectible Accounts Expense the write off decreases net income and total assets
debit Uncollectible Accounts Expense; the write off increases net income and total assets
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