Problem 2 Page 5 Chapter 07 Group work - STU.xlsx Prior to writing off an uncollectible account, Beerbo Inc. had a $400,000 balance in its 'ACCOUNTS RECEIVABLE. On that same date, Beerbo had a credit balance of $36,000 in its 'ALLOWANCE FOR BAD DEBTS'. The amount of the account receivable balance to be writen-off was $32,000. ACCOUNTS RECEIVABLE ALLOWANCE FOR BAD DEBTS ANSWERS When writing-off an account receivable balance, 'ACCOUNTS RECEIVABLE' is... (debited / credited / unaffected]? When writing-off an account receivable balance, 'ACCOUNTS RECEIVABLE' is... (decreased / increased / unaffected]? When writing-off an account receivable balance, 'ALLOWANCE FOR BAD DEBTS' is... (debited / credited / unaffected]? Then writing-off an account receivable balance, 'ALLOWANCE FOR BAD DEBTS' is... (decreased / increased / unaffected]? When writing-off an account receivable balance, 'BAD DEBTS EXPENSE' is... (debited / credited / unaffected] When writing off an account receivable balance, 'BAD DEBTS EXPENSE' Is... (increased / decreased / unaffected]? The net realizable value (NRV) before the account receivable write-off was... [in $17|| The net realizable value (NRV) after the account receivable write-off was... [in $1?|| After writing-off an account receivable balance, net income is... [increased / decreased / unaffected]? After writing off an account receivable balance, total stockholders' equity is... [increased / decreased / unaffected)? After writing off an account receivable balance, total liabilities are... [increased / decreased / unaffected]? After writing-off an account receivable balance, total assets are... [increased / decreased / unaffected]? The effects from writing off an account receivable balanceare... (magical / mechanical)? Input Beerbo's journal entry to write-off the uncollectible account. DEBIT CREDIT