Not secure tpx rV Homework Question 1 of 10.00 points The Goes Agency oners a 12

Question

Not secure tpx rV Homework Question 1 of 10.00 points The Goes Agency oners a 12% trade discount when providing anen sng serices or s, coo or mon bo e) customers Athen Angun decides to purchase at ething wres arssent ncluding the trade discount, whie Mchs Motors purchases only $700 of advertising Botn services are provided on account Record both transactions for The Gies Agency, accounting for any raoe osoms t no entry is required for a transaction event seleci "No joumal antry required in te t accoune eis ournal entry worksheet Record the services provided to Audrey's Antiques Debit Credit General Journal O B

Explanation / Answer

First part

For the first contract of $3,000 -- The entry to be recorded is given below.

For the second contract of $700 -- The entry to be recorded is given below

The second part does not pertain to Accounts.

Account Title Debit Credit Accounts Receivable 2,640 Trade discount (12%) 360 Service Revenue 3,000

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