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10)

On April 25, Richards Electric installs wiring in a new home for $2.500 on account. However, on April 27, Richards's electical work does not pass inspection, and Richards grants the customer an allowance of $500 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. Complete this question by entering your answers in the tabs below. Record the journal entries for the above information. (If no entry is required for a particular transaction/event, select "No Joumtil Entry) Required" in the first account field.) Journal entry worksheet Record the service revenue on account. Journal entry worksheet Record the service revenue on account. Note: Enter debits before credits. Journal entry worksheet Record the sales allowance. Note: Enter debits before credits. Journal entry worksheet Record the cash collection. Note: Enter debits before credits. Required: 1. 2. \& 3. Record the journal entries for the above information. 4. Calculate net sales reported in the income statement. Complete this question by entering your answers in the tabs below. Calculate net sales reported in the income statement