Question 13 of 15 -72 III View Policies Current Attempt in Progress The entry to provide for uncollectible accounts under the allowance method affects both the statement of income and the statement of financial position by increasing expenses and increasing the carrying amount of the accounts receivable. decreasing expenses and increasing the carrying amount of the accounts receivable. O increasing expenses and decreasing the carrying amount of the accounts receivable. O decreasing expenses and decreasing the carrying amount of the accounts receivable. Save for Later Attempts: 0 of 1 used Submit