Final answer:
The write-off of uncollectible accounts under the allowance method decreases the Allowance for Doubtful Accounts but does not affect Net Income, Bad Debt Expense, or net Accounts Receivable.
Step-by-step explanation:
When the allowance method is used, the entry to record the write-off of specific uncollectible accounts would decrease the Allowance for Doubtful Accounts account. The journal entry for this write-off would debit the Allowance for Doubtful Accounts and credit Accounts Receivable. This entry has no effect on Net Income or Bad Debt Expense, as the expense was previously recorded when the allowance was initially estimated. The net Accounts Receivable is also not directly affected by this entry, since the decrease in Accounts Receivable is offset by a decrease in the Allowance for Doubtful Accounts.
When the allowance method is used, the entry to record the write-off of specific uncollectible accounts (step 2 of the allowance method) would decrease the Allowance for Doubtful Accounts account. This is because the write-off removes a specific amount from the allowance that was previously estimated for doubtful accounts. The entry does not affect net income, accounts receivable, or bad debt expense.