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Give me the journal entry of the question. Explain each answer. Question 48 6 points Saved Timberline Co. generally provides services for $1,200, but offers
Give me the journal entry of the question. Explain each answer.
Question 48 6 points Saved Timberline Co. generally provides services for $1,200, but offers a $200 discount to senior citizens. When providing a service on account to a senior citizen for 1,000, Timberline would record the following: a. Credit Service Revenue for $1,000 b.Debit Sales Discounts for $200 c. Credit Accounts Receivable for $1,200 d. Credit Service Revenue for $1,200 e. Debit Accounts Receivable for $1,200Step by Step Solution
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