On May 7, Juanita Construction provides services on account to Michael Wolfe for $3,900. Michael pays for those services on May 13. Required: 1. For Juanita Construction, what are the financial statement effects when the service is rendered on May 7 ? 2. For Juanita Construction, what are the financial statement effects when the cash is collected on May 13 ? Complete this question by entering your answers in the tabs below. On May 7, Juanita Construction provides services on account to Michael Wolfe for $3,900. Michael pays for those services on May 13. Required: 1. For Juanita Construction, what are the financial statement effects when the service is rendered on May 7 ? 2. For Juanita Construction, what are the financial statement effects when the cash is collected on May 13 ? Complete this question by entering your answers in the tabs below. For Juanita Construction, what are the financial statement effects when the cash is collected on May 13 ? Note: Amounts to be deducted should be indicated by a minus sign