Family Friendly, Inc. is recording their year-end uncollectible accounts estimate. This estimate will increase Family Friendly's: Multiple Choice net income. bad debt expense. accounts receivable. net realizable value of receivables. Virtual Company had the following inventory transactions during the month of December. Date 12/1 12/15 12/24 Transaction Beginning Inventory Purchase Inventory Sale at $35 per unit # Units 22 34 25 Cost/Unit $15 $20 ? Assuming that Virtual Company uses a FIFO inventory costing system, what is cost of goods sold for the December 24th sale? Multiple Choice O $500 $330 O O $620 O $390 ABC Company was just notified that a customer filed for bankruptcy, so ABC Company decides to write off the customer's account. ABC Company's accounting entry to write off the uncollectible account will: Multiple Choice decrease net income. increase bad debt expense. increase accounts receivable. decrease accounts receivable