Pizza Palace received a $100 invoice from Oil Change Express for an oil change and tire rotation performed on its delivery vehicle. How should Pizza Palace record this transaction? Multiple Choice Increase the vehicles asset account O Increase accounts receivable Decrease cash O Increase an expense account Pete's Pizza is a new business that opened in 2020. Pete's Pizza allows business customers to charge on account for catering services. Pete's Pizza recorded its year-end estimate of $1,600 on December 31, 2020. Pete's Pizza did a $400 write-off on January 4, 2021 due to a customer's bankruptcy. What was Pete's Pizza's allowance for doubtful accounts on January 4, 2021 after the write-off? Multiple Choice $400 O $2,000 O $1,200 O $1,600 Sharon's Shoes incurred $5,750 of interest expense on a note payable during 2021. How will this interest impact the income statement of Sharon's Shoes for the year ended December 31, 2021? Multiple Choice Interest payable will increase. Operating expenses will decrease. Income before taxes will decrease. O Gross profit will decrease