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On December 29 of the current year, Sabre Company sold merchandise for $10,000 on credit terms, 3/10, n/60. Its accounting period ends December 31. Required Provide the following entries under the net method. a. To record the merchandise sale. Omit the cost of goods sold entry. b. To record collection of the account, assuming collection took place on January 5 of next year. c. To record collection of the account, assuming collection took place on February 15 of next year. - Note: If a line in a journal entry isn't required for a transaction, select "N/A" as the account name and leave the Dr. or Cr. answer blank (zero). d. Indicate what should be reported for net accounts receivable on the balance sheet (ignoring cash) and for net sales revenue on the income statement for both the current year and next year assuming 1. Parts a and b occur. 2. Parts a and coccur. - Note: Indicate a contra account balance with a negative sign. Cash Accounts Receivable Allowance for Doubtful Accounts Interest Receivable Receivable from Factor Note Receivable Discount on Note Receivable Payable to Seller of Receivables Refund Liability Recourse Liability Note Payable Sales Revenue Sales Returns Sales Discount Sales Discount Forfeited Financing Revenue Interest Revenue Cost of Goods Sold Bad Debt Expense Finance Expense Interest Expense Loss on Sale of Note Loss on Sale of Receivables N/A

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