When a company writes-off a specific customer's account receivable, the effect of the write-off on net income and the balance in the accounts receivable account is: O decrease net income and decrease accounts receivable O no effect on net income and no effect on accounts receivable O decrease net income and no effect on accounts receivable Ono effect on net income and decrease accounts receivable O increase net income and no effect on accounts receivable Onone of the above choices are correct