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I dont know how to calculate the sales Revenue (450) Brief Exercise 5-58 Sales Discounts (Appendix 5A) Harry Gardner provides tax services for small businesses.

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I dont know how to calculate the sales Revenue (450)

Brief Exercise 5-58 Sales Discounts (Appendix 5A) Harry Gardner provides tax services for small businesses. This year's tax season has proved especially lucrative for Harry, he earned $4 5 000 for providing his servicesHaim, uses terms of Required: 1. Prepare the necessary journal entry to record the sale, assuming Harry does not expect his customers to pay within the discount period. n/30 billing his customers Accounts Receivable 45.000 Sales Revenue 45.000 Record sale T Check My Work . The gross method records the recevable at the "gross" (or undiscounted) price. The discount is then recognized if payment is made within the discount period. If payment is not received until after the discount period, the fuil amount is paid 2. Prepare the necessary journal entry to record collection of the receivable assuming the customer pays within 10 days. If an amount box does not require an entry, leave it blank. Cash Sales Revenue 44,550 450 Accounts Recelvable Record sale within discount period o 45,000

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