Brief Exercise 5-1 Record accounts receivable and trade discount (LO5-2) The Giles Agency offers a 10% trade discount when providing advertising services of $1,000 or more to its customers. Audrey's Antiques decides to purchase advertising services of $2,300 (not including the trade discount), while Michael's Motors purchases only $580 of advertising. Both services are provided on account. Record both transactions for The Giles Agency, accounting for any trade discounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.)