Question 12 2 pts A company uses an estimate of 5 percent of outstanding receivables in adjusting its allowance for uncollectible accounts. It failed to write off an uncollectible account of $3,000 before adjusting its allowance to an amount equal to 5% of its outstanding receivables. The effect of this error is to: not affect net income. decrease net income by $3.000. increase net income by $2,850. increase net income by $3,000. Question 12 2 pts A company uses an estimate of 5 percent of outstanding receivables in adjusting its allowance for uncollectible accounts. It failed to write off an uncollectible account of $3,000 before adjusting its allowance to an amount equal to 5% of its outstanding receivables. The effect of this error is to: not affect net income. decrease net income by $3.000. increase net income by $2,850. increase net income by $3,000