A company determined that a customer's Account Recewable was uncollectible on September 30 and that the account should be written off. What effect will this wite-off have on the company's net income and total assets, if the allowance method is used to account for bad debts? Mutiple Choice Decrease in net income, no effect on total assets No effect on net incone, no effect on total atsets. Decrease in net income; decrease in total awets. Inciease in net income, no elect on total assets No effect on net income, decresse in toted assets