Remaining Time: 37 minutes, 12 seconds. Question Completion Status: C. allowance method and the net realizable method. D. direct write-off method and the allowance method. QUESTION 13 2. Record the following transactions for Henry Records. 1. On August 4, Henry sold merchandise on account to Sawyer Music for $700, terms 2/10,n/30. On August 7, Henry granted Sawyer a sales allowance and reduced the cost of the merchandise by $50 because some of the goods were slightly damaged. 3. On August 12, Sawyer paid the account in full. TT T Arial 3 (12pt) T