On April 25, Foreman Electric installs wiring in a new home for $2,200 on account. However, on April 27, Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $470 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30.

Required:

1. 2. & 3.Record the Journal entries for the above information.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

1. Record the service revenue on account
2. Record the sales allowance.
3. Record the cash collection
4. Calculate net revenue associated with these transactions.