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6. Under the direct write-off method, the write-off of a $500 uncollectible account will a. decrease assets by $500 and decrease liabilities by $500. b.
6. Under the direct write-off method, the write-off of a $500 uncollectible account will
a. decrease assets by $500 and decrease liabilities by $500.
b. decrease assets by $500 and increase uncollectible accounts expense by $500.
c. have no effect on total assets.
d. decrease assets by $500 and increase equity by $500.
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