The Berry Company uses the direct write-off method of accounting for uncollectible receivables. On November 1, Berry company wrote off $30,000 as uncollectible from Duke Company. Indicate the effect on Balance Sheet accounts from this transaction. (Select all that apply.)

Question 2 options:

	Increase Cash $30,000.
	Decrease Cash $30,000.
	Increase the balance in the Allowance for Doubtful Accounts $30,000.
	Decrease the balance in the Allowance for Doubtful Accounts $30,000.
	Increase Accounts Receivable $30,000.
	Decrease Accounts Receivable $30,000.
	Increase Stockholders' Equity $30,000.
	Decrease Stockholders' Equity $30,000.

The Farmer Company uses the allowance method of accounting for uncollectible receivables. On December 1, Farmer Company wrote off $30,000 as uncollectible from Wofford Company. Indicate the effect on the Balance Sheet accounts from this transaction. (Select all that apply.)

Question 3 options:

	Increase Cash $30,000.
	Decrease Cash $30,000.
	Increase the balance in Allowance for Doubtful Accounts by $30,000.
	Decrease the balance in Allowance for Doubtful Accounts by $30,000.
	Increase Accounts Receivable $30,000.
	Decrease Accounts Receivable $30,000.
	Increase Stockholders' Equity $30,000.
	Decrease Stockholders' Equity $30,000.