The entry to write off an account under the allowance method for estimating doubtful accounts reduces net income has no effect on total assets or net income increases net income reduces total assets QUESTION 28 Booked Solid, Inc., has the following account balances at the end of the year before adjustments: Management estimates that 6% of accounts receivable will be uncollectible. After the correct adjusting entry has been made, what is total Doubtful Accounts Expense on the income statement for the year