Prepare journal entries for the following transactions for Chillee Company:

Chillee sold consulting services on account to a Customer RST for $3,000, terms 2/10, n/30.Customer RST was not completely satisfied with the services he received, so Chillee granted an allowance of $200.The Customer RST paid the amount owed to Chillee within the discount period.Chillee lent $1000 to an employee who signed a 2 month note with an interest rate of 10%.

e. The employee in "d" above paid the note plus interest at the end of the second month.

Accounts Debit Credit

b.
c.
d.
e.