Exercise 5-12 Identify the financial statement effects of transactions related to accounts receivable and allowance for uncollectible accounts (L03, 5) Consider the following transactions associated with accounts receivable and the allowance for uncollectible accounts. Required: For each transaction, select whether it would increase (I), decrease (D), or have no effect by leaving the cell blank, on the account totals. (Hint Make sure the accounting equation, Assets = Liabilities + Stockholders' Equity, remains in balance after each transaction.) Credit Sales Transaction Cycle Liabilities Stockholders' Revenues Expenses Equity 1. Provide services on account 2.Estimate uncollectible accounts 3.Write off accounts as uncollectible 4.Collect on account previously written off