A company uses the allowance method to account for credit losses. What is the effect on each of the following accounts of the write-off of an uncollectible receivable? ALLOWANCE FOR CREDIT LOSSES ACCOUNTS RECEIVABLE a) Decrease Decrease b) No effect Decrease c) Decrease No effect d) No effect No effect Decrease, Decrease No effect, Decrease Decrease, No effect No effect. No effect 3 9 13 14 15 16 17 88 10 11 12 32 33 34 35 36 37 30 30 401 42 18 19 20 21 22 23 24 27 28 29 30 31 43 44 45 (44 of 45) Moncton Corp. prepares a bank reconciliation at the end of every month. At the end of July, the balance in the cash T- account was $2,750 and the balance on the bank statement was $2,980. Outstanding checks totaled 5680 and deposits in transit were $400. The correct cash balance for Moncton is: $2,270 $2,550 $2,470 $2,700 Brockton Company prepares a bank reconciliation at the end of every month. At the end of July, the balance in the cash T-account was $2,750 and the balance on the bank statement was $2,980. The bank statement listed service charges of $20 and NSF checks of $130. The bank also accidentally recorded a check written for $120 (correct amount) as $220 (incorrect amount). The correct cash balance for Brockton is: $2,270 e $2,550 $2,470 $2,600 Hazelton Corp. prepares a bank reconciliation at the end of every month. At the end of May, the cash T-account showed a balance of $1,360 and the bank statement showed a balance of $1,445. The bank statement listed service charges of $30 and NSF checks totaling $85. The correct amount of cash for Hazelton is: $1,130 $1,160 $1,245 $1,445