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Exercise 5-2 (Algo) Record cash sales with a trade discount (LO5-2) Merry Maidens Cleaning generally charges $280 for a detailed cleaning of a normal-size home.

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Exercise 5-2 (Algo) Record cash sales with a trade discount (LO5-2) Merry Maidens Cleaning generally charges $280 for a detailed cleaning of a normal-size home. However, to generate additional business, Merry Maidens is offering a new-customer discount of 10\%. On May 1, Ms. E. Pearson has Merry Moidens clean her house and pays cash equal to the discounted price. Required: Record the revenue recognized by Merry Maidens Cleaning on May 1, (If no entry is required for a particular transaction/event. select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the revenue recognized for the services provided with a 10% trade discount. Note: Ener cebiss before credis

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