Question 7 5 pts Franco Company sold office furniture for $2,700 cash. The furniture cost $70,000 and had accumulated depreciation through the date of sale totaling $34,000. The company will recognize a loss of $33.300 a loss of $35.000 again of $35.000 again of $33,300 Question 8 5 pts Nichols Company has shipped goods to one of its customers FOB shipping point Nichols Company will recognize sales revenue when the goods leave Nichols Shipping dock the two parties agree that revenue should be recoged the customer has received the goods the customer pays the invoice Question 9 5 pts In a bank reconciliation an NSF checks added to the banke ded to the book balance Subtracted from the book bence Subtracted from the bank e Question 10 Recoving a payment from a customer on account 5 pts