Suppose Casey Title Company normally charges $700 for services related to selling a house. As part of a summer special, Casey offers customers a trade discount of 15%. On July 9, Linda Holmes uses the services of Casey and pays cash equal to the discounted price. Record the revenue earned by Casey on July 9.

Suppose Casey Title Company normally charges $700 for services related to selling a house. As part of a summer special, Casey offers customers a trade discount of 15%. On July 9 Linda Holmes uses the services of Casey and pays cash equal to the discounted price. Record the revenue eamed by Casey on July 9. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)