Question 16 4 pts Hilde Company reported accounts receivable of $40,000 at the beginning of 2020. It reported a balance of $28,000 at the end of 2020. Also, no accounts receivable were written off during 2020. From this information, it is possible to determine that during 2020. credit sales were higher than cash collected from customers the firm was doing a poor job of collecting its receivables credit sales were less than cash collected from customers credit sales decreased from the prior year none of the above 4 pts Question 18 Wild Pair Company accounts for possible bad debts using the Allowance Method. When an actual account is determined to be uncollectible and written off, what effect does it have on the accounting equation? increases assets and increases stockholders' equity O decreases assets and decreases stockholders' equity decreases assets and decreases liabilities no effect on the accounting equation none of the above