On May 5th a company received a notice in the mail that a customer had declared bankruptcy and the company believes they will not collect any portion of the customer's account receivable. The journal entry to record writing off the bad account would: Multiple Choice Include a credit to the allowance for doubtful accounts and have no effect on net accounts receivable. Include a credit to accounts receivable and would decrease net accounts receivable Include both a debit and a credit to accounts receivable and have no effect on net accounts receivable, O Include a debit to the allowance account and have no effect on net accounts receivable. Which of the following assets are never depreciated or amortized over time? Multiple Choice Copyrights O Land Improvements Patents All choices are either amortized or depreciated over time