TRUE OR FALSE 1. UNDER ALLOWANCE METHOD FOR UNCOLLECTIBLE ACCOUNTS, BAD DEBT WRITE OFF HAS NO EFFECT ON FINANCIAL STATEMENT

2. AFTER ADJUSTMENT, THE BALANCE IN THE ALLOWANCE FOR DOUBTFUL ACCOUNTS HAS THE EFFECT OF REDUCING ACCOUNTS RECEIVABLE TO ITS ESTIMATED REALIZABLE VALUE

3. THE ADVANTAGE OF THE ALLOWANCE METHOD OF ACCOUNTING FOR BAD DEBTS IS THAT IT IDENTIFIES THE SPECIFIC CUSTOMERS WHO WILL NOT PAY THEIR BILLS