In which revenue lS recognized). 9.6 Accounts Receivable. Using the following key, identify the effects of the following transactions or conditions on the various financial statement elements: I= increases; D=decreases; NE = no effect Shareholders' Equity Net Income Liabilities Assets a. A credit sale b. Collection of a portion of accounts receivable c. Estimate of bad debts d. Write-off of a specific uncollectible accouns 653/1058 MacBook Air 20 % # 3