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On April 2 5 , Livingston Electric installs wiring in a new home for $ 1 , 7 0 0 on account. However, on April
On April Livingston Electric installs wiring in a new home for $ on account. However, on April Livingston's electrical work does not pass inspection, and Livingston grants the customer an allowance of $ because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April
Required:
& Record the journal entries for the above information.
Calculate net sales reported in the income statement.
Complete this question by entering your answers in the tabs below.
Req and and
Req
Record the journal entries for the above information. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the service revenue on account.
Note: Enter debits before credits.
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