Question 10 ABC Company began the year with $2,000 Accounts Receivable and $100 Bad Debt Allowance. During the year, ABC Company experienced the following transactions: 1. Sales on Account $5,000. 2. Collection on Accounts Receivable $3,800. 3. Wrote off $80 of accounts that could not be collected. 4. Estimated uncollectible accounts for the year would be $200. (used Percent of Revenue Method) What is ABC Company's Revenue for the period? $3,800 $3,720 $4,920 $5,000 firy Question 9 ABC Company began the year with \$2,000 Accounts Receivable and \$100 Bad Debt Allowance. During the year, ABC Company experienced the following transactions: 1. Sales on Account $5,000. 2. Collection on Accounts Receivable $3,800. 3. Wrote off $80 of accounts that could not be collected. 4. Estimated uncollectible accounts for the year would be $200. (used Percent of Revenue Method) What is ABC Compdny's Net Income? $4.920 $3.600 $4.720 $3,320 4.800