QUESTION 4 Under the allowance method of accounting for uncollectible receivables, writing off an uncollectible account a. affects only income statement accounts b. affects only balance sheet accounts c. affects both balance sheet and income statement accounts d. is not an acceptable practice account and has a normal balance. QUESTION 5 Allowance for Doubtful Accounts is classified as an a. contra asset, debit b.stockholders' equity, credit C. stockholders' equity, debit d. contra asset, credit QUESTION 6 A company uses the allowance method to account for uncollectible accounts receivable. When the firm writes off a specific customer's account receivable a. there is no effect on total current assets or total expenses b. total current assets are reduced c. total expenses for the period are increased d.net realizable value of accounts receivable increases