Indicate How Each Event Affects the Elements of Financial Statements $$\text { Increase } = \mathrm { I } \quad\text { Decrease } = \mathrm { D } \quad\text { No Effect } = \mathrm { N }$$

Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts. $$\text { Increase } = \mathrm { I } \quad\text { Decrease } = \mathrm { D } \quad\text { No Effect } = \mathrm { N }$$
Green Bay Corporation used the allowance method to account for uncollectible accounts expense. On June 20, 2014, Green Bay wrote off an uncollectible account in the amount of $3,000. On September 1, 2014, the account was collected. How would the appropriate entries on September 1 affect the financial statements?