The estimated Bad Debt Expense is recorded in the same accounting period as the related sale because of which accounting principle? Select one: oa. Matching b. Historical cost o c. Going concern O d. Full disclosure Under the allowance method, the entry to write off an account as uncollectible has the following effect on the financial statements: Select one: a. Decreases net income and decreases assets b. Decreases assets and decreases equity c. Increases expenses and decreases a contra asset d. Has no effect on net income or net assets An aging of a company's accounts receivable indicates that $4,000 are estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a Select one: a. debit to Bad Debts Expense for $4,000 b. debit to Allowance for Doubtful Accounts for $2,800 c. debit to Bad Debts Expense for $2,800 d. credit to Allowance for Doubtful Accounts for $4,000