Allowance method used to account for bad debits

Reference no: EM13143357

On Oct. 29 of the current year, a company concluded that a customer's $4,400 account receivable was uncollectible and that account should be written off. What efect will this write-off have on this company's net income and total assets assuming the allowance method is used to account for bad debits?

Reference no: EM13143357

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