On May $7,$ Juanita Construction provides services on account to Michael Wolfe for $$3,700.$ Michael pays for those services on May $13.$

Required:

For Juanita Construction, what are the financial statement effects when the service is rendered on May $7?$

For Juanita Construction, what are the financial statement effects when the cash is collected on May $13?($fill out the table for both questions$)($the second question has $3$ boxes instead of $2)$