AuctionCo com sells used products collected from different suppliers Assume a customer purchases a used bicycle through AuctionCo com for $300 AuctionCo com agrees to pay the supplier $200 for the bicycle The bicycle will be shipped to the customer by the original bicycle owner Required Assume AuctionCo com takes control of this used bicycle before the sale and pays $200 to the supplier Under this assumption, how much revenue would AuctionCo com recognize at the time of the sale to the customer 300 Assume AuctionCo com never takes control of this used bicycle before the sale Instead, the bicycle is shipped directly to the customer by the original bicycle owner, and then AuctionCo com pays $200 to the supplier Under this assumption, how much revenue would AuctionCo com recognize at the time of the sale to the customer 100 Assume AuctionCo com promises to pay $200 to the supplier regardless of whether the bicycle is sold, but the bicycle will continue to be shipped directly from the supplier to the customer Under this assumption, how much revenue would AuctionCo com recognize at the time of the sale to the customer 300 I HAVE already answered the questions ABOVE NOW I need help answering THE QUESTION DOWN BELOW Additionally Is Auction the agent or principal in Number 2 Please post the journal entries associated with Number 2 and list the gross profit using the amounts in your entries

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AuctionCo.com sells used products collected from different suppliers. Assume a customer purchases a used bicycle through AuctionCo.com for $300. AuctionCo.com agrees to pay the supplier

AuctionCo.com sells used products collected from different suppliers. Assume a customer purchases a used bicycle through AuctionCo.com for $300. AuctionCo.com agrees to pay the supplier $200 for the bicycle. The bicycle will be shipped to the customer by the original bicycle owner.

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Assume AuctionCo.com takes control of this used bicycle before the sale and pays $200 to the supplier. Under this assumption, how much revenue would AuctionCo.com recognize at the time of the sale to the customer? 300
Assume AuctionCo.com never takes control of this used bicycle before the sale. Instead, the bicycle is shipped directly to the customer by the original bicycle owner, and then AuctionCo.com pays $200 to the supplier. Under this assumption, how much revenue would AuctionCo.com recognize at the time of the sale to the customer? 100
Assume AuctionCo.com promises to pay $200 to the supplier regardless of whether the bicycle is sold, but the bicycle will continue to be shipped directly from the supplier to the customer. Under this assumption, how much revenue would AuctionCo.com recognize at the time of the sale to the customer? 300

I HAVE already answered the questions ABOVE. NOW I need help answering THE QUESTION DOWN BELOW.

Additionally: Is Auction the agent or principal in Number 2? Please post the journal entries associated with Number 2 and list the gross profit using the amounts in your entries.