Service Revenue H&R Wholesalers is a retailer providing low-cost, bulk items to small companies. Companies must pay an annual membership fee of $150 to access H&R's warehouses. H&R received yearly membership fees from 408 companies on August 1, 2018. Required: At December 31, 2018, calculate the remaining amount of Unearned Revenue and the account balance of the Revenue account. Assume this is their first year of business. Unearned revenues Revenue Sales Discounts Taken Gordon's Grocers purchases bread from Buddy's Bread Company at $1.30 per loaf. Gordon's recently engaged in a customer service contract with Buddy's to purchase 332,000 loaves of Buddy's bread. Buddy offered credit to Gordon's at terms of 1/15, n/30. Required: Prepare the journal entry to record the sale. Account and Explanation Debit Credit Accounts Receivable Sales Revenue Record sale Feedback Check My Work Then prepare the journal entry to record the payment assuming the payment is made within 10 days. If required, round your answers to nearest whole dollar. For those boxes in which no entry is required, leave the box blank. Account and Explanation Debit Credit Cash Sales Discount Accounts Receivable Record collection within discount period