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Which accounts are affected, and in which direction, by the following business transaction? You estimate that one specific customer's account will not be collected in

Which accounts are affected, and in which direction, by the following business transaction?

You estimate that one specific customer's account will not be collected in future, and you write it off.

Question options: More Than One Answer

1)

Cash increases

2)

Bad debt expense decreases

3)

Accounts receivable decreases

4)

Allowance for doubtful accounts decreases

5)

Cash decreases

6)

Bad debt expense increases

7)

Allowance for doubtful accounts increases

8)

Accounts receivable increase

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