Uncollectible Recelvables, Using Allowance Method Illustrate the effects on the accounts and financial statements of the following transactions in the accounts of Kitchen Depot Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outfilows as negative amounts July 3. Received $8,000 on an account. Balance Sheet Statement of Cash Assets Liabilities Stockholders' Equity Flows Cash uly. 3 Statement of Cash Flows Income Statement uly 3. Wrote off the remaining $64,160 owed on account as uncollectible. Balance Sheet Statement of Cash Assets Liabilities + Stockholders' Equity Flows uly. 3. Statement of Cash Flows Income Statement Oct.8. Reinstated the account that had been written off on July 3.(Do not record the collection of cash yet.)