QUESTION 1 Which of the following statements are false under the allowance method for recording uncollectibles Writing off accounts receivable reduces net income Collections of accounts receivable previously written off do not affect net income DIO Recognition of bad debt expense reduces net receivables [IM Wong off accounts recevable reduces net receivables Wand and on and bil and ( QUESTION 2 Guardiola, Inc factored $2,300,000 of alounts receivable with Mourinho Finance on a weh recourse basis. The recourse provision has a far value of $75,000. Mourinho Francesened a finance charge of two the total accounts receivable factored and retained an amount equal to 2.5 of the total receivables to cover sales discounts. As a result of this transaction Guardiola assets go down by 5319.000 labates to up by $57.500 equity goes down by $144,000 assets on by 569,000 QUESTION 3 Valdes Corporation had a credit balance in the Allowance for Doubtful Accounts of 162.000 at 1/1/19. During 2019. it wrote off 521,400 of accounts and collected 57.800 on accounts previously written off. The amount of bad debt expense recognized in 2019 is $11.000. Valdes estimates at the year-end that of accounts receivable will prove to be collectible, what is the accounts receivable balance 12/31/2017 518333 5090.000 $1.443.333 51,520.000 of Sound Submit to see and submit Cho Save All Anniers to swall