On May $7,$ Juanita Construction provides services on account to Michael Wolfe for $$3,400.$ Michael pays for those services on May $13.$

Required:

For Juanita Construction, what are the financial statement effects when the service is rendered on May $7?$

For Juanita Construction, what are the financial statement effects when the cash is collected on May $13?$

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For Juanita Construction, what are the financial statement effects when the service is rendered on May $7?$