Bolton sold merchandise with a price of $42,600 to Sammy's Wholesale Company. Bolton offered terms of 1/10, 1/30 Required: Prepare the journal entry to record the sale Record sale Prepare the journal entry to record the payment assuming the payment is made within 10 days within the discount period). For those bones in which no entry is required, save the box blank Record collection within discount period Cornerstone Exercise 5-30 (Algorithmic) Percentage of Credit Sales Method At December 31, 2022. Game has a $10,000 credit bwance in its lowance for doubtful accounts. Carneau estimates that of its 2022 credit sales will eventually det. During 2022. Gamabad credt les of $1,127,200 Required: Estimate the bad debt expense under the percentage of crede method