Roswell Company purchases inventory from Clear Pool Supplies on June 1. The sales terms on the invoice from Clear Pool Supplies are 3/10./30. What does this mean? What is Roswell's potential savings, if any? How much time does the company have to take advantage of these savings? 3/10.n/30 means that Roswell Company will get a of the invoice date, otherwise, the full amount is due The potential savings resulting from taking advantage of the discount will be of the original invoice price. Roswell will need to pay the invoice within days of the original invoice date in order to take advantage of these savings. During its first year of operations, Spring Garden, Inc. had sales of $439,000, all on account. Industry experience suggests that Spring Garden's uncollectibles will amount to 4% of credit sales. At December 31, 2021, accounts receivable total $59,000. The company uses the allowance method to account for uncollectibles. 1. Make Spring Garden's journal entry for uncollectible-account expense using the percent-of-sales method. Show how Spring Garden should report accounts receivable on its balance sheet at December 31, 2021. 2. 1. Make Spring Garden's journal entry for uncollectible-account expense using the percent-of-sales method. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Accounts Debit Date Dec 31 Credit 2. Show how Spring Garden should report accounts receivable on its balance sheet at December 31, 2021 Less