Which of the following options is an example of a contra-revenue account? O Accounts Payable Sales Revenue O Depreciation Expense o Sales Discounts A company sold merchandise for $2,000 on account with credit terms 3/10, n/30. If the customer takes advantage of the sales discount, what is the amount of the sales discount? $60 $200 O $600 O $2,000 Sparky Co. sold $1,200 worth of pitchforks on account to one of its customers on October 15, with credit terms of 2/10, n/30. The inventory sold cost Sparky Co. $550. To record the cost of the merchandise sold on October 15, what should Sparky Co. debit? O Cost of Goods Sold $550 O Inventory $550 O Accounts Payable $550 O Sales Revenue for $1,200 When a company estimates expected future returns, which of the following options must occur? O Cost of Goods Sold should be debited O Sales Refunds Payable should decrease. O Estimated Inventory Returns should decrease O Sales Returns and Allowances should be debited. A company uses the allowance method to estimate bad debts. The allowance achount beginning balance was a $12,000 credit and the ending balance was an $18,000 credit. What must be the amount of bad debt expense for the year? O $12,000 $30,000 O $18,000 O $6,000