Bookkeeping: Receivables & Bad Debt (9.1, 9.2, 9.6)

What entries are recorded for sales via credit card?
(Example: A canoe is purchased from Toyota for $300, and the cost to Toyota is $150, and Visa charges Toyota a service fee equal to 5% of the sales price.)

What entry would be recorded when Visa pays the amount owed to Toyota?

What is the alternative journal entry if Visa gave cash without creating an accounts receivable?

What type of account is Allowance for Doubtful Accounts?

It is a contra-asset to Accounts Receivable.

What is the entry for estimated bad debt?

What is the entry for a specific customer who is deemed uncollectible?

If an uncollectible customer suddenly pays in the future, what entry would be recorded?

Scenario: A company offers a $2,000 note with a maturity date of 24 months. The annual interest rate on the loan is 10%.
What entry will be recorded after 12 months?

What entry will be recorded after 24 months?

In the case of notes receivables, how would the entry change if the note does not exceed one operating cycle?

The entry will typically not contain interest receivable.

Scenario: A company offers a $2,000 note with a maturity date of 12 months. The annual interest rate on the loan is 10%.
What entry will be recorded if it sells its receivable to a collection agency that only pays $500 for its value?

What entry would be recorded for a dishonored notes receivable?