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Please post all the journal entries associated with Case 1. Assume AuctionCo.com takes control of this used bicycle before the sale and pays $200 to

Please post all the journal entries associated with Case 1.

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

: The AuctionCO. Is the principal in Number 1? Please post the journal entries associated with Number 1 and list the gross profit using the amounts in your entries.

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