The company uses the allowance method and wrote off an account receivable for $500. Which is true? Group of answer choices Cash decreased $500. Bad debt expense increased $500. Accounts receivable decreased by $500. Net Accounts receivable decreased by $500. Question 3 On December 31st, the company's year-end, they had $50,000 of Account receivables and $200 in the Allowance for Uncollectible Accounts before the adjusting entries were prepared. Management expects 3% of the Account receivables to be uncollectible. After the adjusting entries are prepared; what would be the correct balance in the Allowance for Uncollectible Accounts? Group of answer choices $200 $1,300 $1,500 $1,700