On April 25, Richards Electric installs wiring in a new home for $2,800 on account. However, on April 27, Richardss electrical work does not pass inspection, and Richards grants the customer an allowance of $530 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.