adjustments to record the write-off and the subsequent recovery of Gates's account? negative signs with answers, when appropriate. If a transaction increases and decreases the same Balance Sheet category, enter the increase amount in the first row and the decrease amount directly below (in the second row). Balance Sheet Income Statement Stockholders' Transaction Assets Liabilities + Equity Revenues Expenses Net Income Write-off the account 450 (450) X 0 0 (450) O (450) X Reinstate the account to the extent of recovery 200 0 200 x 0 0 0 (250) x 0 (250) X Record the subsequent recovery 200 0 0 0 0 0 200 x 250 X = 0 0 0 b. Assume that the payment from Gates arrives on February 5 of the following year rather than on November 18 of the current year. Is there any difference in the overall financial statement impact? No