Home Decor was notified that Sally, who owes the company $1,300, filed for bankruptcy. How should Home Decor update their accounting records? Multiple Choice Decrease accounts receivable and increase allowance for doubtful accounts Increase bad debt expense and increase allowance for doubtful accounts Decrease accounts receivable and decrease allowance for doubtful accounts Increase bad debt expense and decrease accounts receivable Cali Inc. had net accounts receivable totaling $110,500 when Cali was notified that a customer who owed the company $3,000 filed for bankruptcy. What is Cali's net accounts receivable after they write off this customer's balance? Multiple Choice O $110,500 O $113,500 0 $104,500 0 O $107,500 Billion Company had 200 units in beginning inventory with a cost of $11 each. On March 20, the company purchased 100 additional units at $15 each. Billion Company made one sale of 90 units on March 30 and recorded cost of goods sold of $990. Which inventory costing method does Billion Company utilize? Multiple Choice The inventory method cannot be determined based on the information provided. O FIFO LIFO O O Weighted average