Beerbo sells 100 units of beverage on account with the discount terms 2/10, n/30. The cost per unit is $10; the price per unit is $50. How would this transaction be reflected in Beerbo’s ledger accounts? (Hint: draw the t-accounts)

(Scenario 4b) Four days after the sale, Beerbo collects payment in full from the sale of the 100 units. How would this transaction be reflected in Beerbo’s ledger accounts? (Hint: draw the t-accounts)

Suppose a company’s credit department, using the percent-of-sales method, estimates its uncollectible-account expense to be $73. If that account currently shows a $10 credit balance, what is the entry to record Uncollectible-Account (Bad Debt) Expense for the year?

Suppose a company’s credit department, using the aging-of-receivables method, estimates its Allowance for Uncollectible Accounts to be $73. If that account currently shows a $10 credit balance, what is the entry to record Uncollectible-Account (Bad Debt) Expense for the year?

Suppose a company’s credit department, using the direct write-off method, estimates its Allowance for Uncollectible Accounts to be $73. If that account currently shows a $10 credit balance, what is the entry to record Uncollectible-Account (Bad Debt) Expense for the year?