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On April 25, Livingston Electric installs wiring in a new home for $3,000 on account. However, on April 27, Livingston's electrical work does not
On April 25, Livingston Electric installs wiring in a new home for $3,000 on account. However, on April 27, Livingston's electrical work does not pass inspection, and Livingston grants the customer an allowance of $550 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. 4. Calculate net sales reported in the income statement. Complete this question by entering your answers in the tabs below. Req 1 and 2 and 3 Req 4 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 1 2 3 Record the service revenue on account. Note: Enter debits before credits. Date General Journal Debit Credit >
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