3 Exercise 5-6 (Algo) Record credit sales with a sales allowance (LO5-1, 5-2) 01:03:55 eBook On April 25, Livingston Electric Installs wiring in a new home for $3,000 on account. However, on April 27, Livingston's electrical work does not pass inspection, and Livingston grants the customer an allowance of $550 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Required: 1.2. & 3. Record the journal entries for the above information. 4. Calculate net sales reported in the income statement. Complete this question by entering your answers in the tabs below. Hint Print Req 1 and 2 and 3 Req 4 Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) ferences View transaction list Journal entry worksheet < 1 2 Record the service revenue on account. Note: Enter debits before credits, Date A06 General Journal Debit Credit 3 0.09 points 01:03:50 Req 1 and 21 and 31 Req 4 Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list eBook Hint Journal entry worksheet 3 Record the service revenue on account. Point References Note: Enter debits before credits. Date April 25 General Journal Debit Credit Record entry Clear entry View general journal > 3 Req 1 and 2. and 3 Req 4 Saved 0.09 points 01:03:46 Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Ent Required" in the first account field.) View transaction list Journal entry worksheet < 1 eBook Hint 3 Record the sales allowance. Print References Note: Enter debits before credits. Date April 27 General Journal Debit Credit Clear entry Record entry View general journal Read and s Req 4 > 3 0.09 points 01:03:42 Req 1 and 2 and 3 Req 4 Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Journal Entr Required" in the first account field.) View transaction list eBook Journal entry worksheet < 1 2 Hint Record the cash collection. Print Note: Enter debits before credits. Date References April 30 General Journal Debit Credit View general journal Record entry Clear entry Req 4 > Chapter 5 Homework 3 Sever 0.09 points 01:03:37 eBook Hint Print Exercise 5-6 (Algo) Record credit sales with a sales allowance (LO5-1, 5-2) On April 25, Livingston Electric installs wiring in a new home for $3,000 on account. However, on April 27, Livingston's electrical work does not pass inspection, and Livingston grants the customer an allowance of $550 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. Required: 1.2. & 3. Record the journal entries for the above information. 4. Calculate net sales reported in the income statement. Complete this question by entering your answers in the tabs below. Req 1 and 21 and 3 Req 4 Calculate net sales reported in the income statement. References Net Sales S 0