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On February 3, a company provides services on account for $29,500, terms 2/10, n/30. On February 9, the company receives payment from the customer
On February 3, a company provides services on account for $29,500, terms 2/10, n/30. On February 9, the company receives payment from the customer for those services on February 3. Record the service on account on February 3 and the collection of cash on February 9. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No 1 Date February 03 General Journal Debit Credit Accounts Receivable 29,500 Service Revenue 29,500 2 February 09 Cash Sales Discounts Accounts Receivable 000 28,645 855 29,500
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