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On August 1 2 , a company provides services on account to a customer for $ 4 , 0 0 0 . However, on August
On August a company provides services on account to a customer for $ However, on August the customer is not completely satisfied with the service and the company grants an allowance on the amount owed of $ On August the customer makes full payment of the balance owed, excluding the allowance.
Record the services provided on August the sales allowance on August and the cash collection on August 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.
tableDateGeneral Journal,Debit,CreditAugust
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