Precision Dental Lab provides a 10% trade discount when offering lab services of $1,000 or more to its clients. Nemmers Dental decides to purchase laboratory services of $2,500 (not including the trade discount), while Midwest Dental purchases only $600 of lab services. Both services are provided on account Record both transactions for Precision Dental Lab, accounting for any trade discounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet