M6-1 Reporting Net Sales with Sales Discounts L06-1 Merchandise Invoiced at $9,500 is sold on terms 3/10, 1/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales? Net sales hapter 6 Saved M6-3 Recording Bad Debts LO6-2 Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) a. During the period, bad debts are written off in the amount of $13,700. b. At the end of the period, bad debt expense is estimated to be $15,700. View transaction list Journal entry worksheet