When the Allowance Method is used to account for uncollectible accounts, an entry is made to the Bad Debt Expense account when: A customer's account becomes bad and is written off. At the end of the accounting period the amount of uncollectible accounts is estimated and the Allowance for Uncollectible Accounts account is adjusted. A sale is made to a customer with terms of 2/10, net 30. O A customer's account becomes past due more than 90 days. None f the answer answers are correct. Richard LLC accounts for possible bad debts using the allowance method. When an actual bad debt occurs, what effect does it have on the accounting equation? Increases assets and increases stockholders' equity Decreases assets and decreases stockholders' equity O Decreases assets and decreases liabilities No effect on the accounting equation O None of the answers are correct. Under the Direct Write-off Method of accounting for uncollectible accounts, Bad Debt Expense is debited When an account is determined to be uncollectible. When a credit sale is past due more than 60 days. At the end of each accounting period. Whenever a pre-determined amount of credit sales have been made. O None of the answers are correct