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Question 3 3 pts Sidney Company estimates its ending allowance for uncollectible accounts using an aging of accounts receivables. Sidney Company makes an adjustment (AJE)

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Question 3 3 pts Sidney Company estimates its ending allowance for uncollectible accounts using an aging of accounts receivables. Sidney Company makes an adjustment (AJE) to the allowance for uncollectible accounts at the end of each fiscal year. What will be the effect on the accounting equation when Sidney Company records its AJE for the allowance for uncollectible accounts? Decrease Liabilities and Decrease Stockholders' Equity Increase Liabilities and Decrease Stockholders' Equity Increase Assets and Decrease Stockholders' Equity Decrease Assets and Decrease Stockholders' Equity 3 pts Question 4 Net Realizable Value of Accounts Receivable (NRV) equals? Ending Accounts Receivable minus Allowance for Uncollectible Accounts Beginning Accounts Receivable minus Annual Write-offs of uncollectible Accounts Ending Accounts Receivable minus Bad Debt Expense Ending Accounts Receivable plus Allowance for Uncollectible Accounts

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