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On April 25, Foreman Electric installs wiring in a new home for $2,900 on account. However, on April 27, Foreman's electrical work does not pass
On April 25, Foreman Electric installs wiring in a new home for $2,900 on account. However, on April 27, Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $540 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.) View transaction list Journal entry worksheet Record the service revenue on account. Note: Enter debits before credits. Date General Journal Debit Credit April 25 View transaction list Journal entry worksheet Record the cash collection. Note: Enter debits before credits. Date General Journal Debit Credit April 30
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