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The following information applies to the questions displayed below,. On April 25, Foreman Electric installs wiring in a new home for $3,100 on account. However,

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The following information applies to the questions displayed below,. On April 25, Foreman Electric installs wiring in a new home for $3,100 on account. However, on April 27, Foreman's electrical work does not pass inspection, and Foreman grants the customer an allowance of $560 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30. References. Required: 1. 2. & 3. Record the Jounal entries for the above information. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the service revenue on account. Note: Enter debits before credits. Date General Journal Debit Credit April 25 Record entry Clear entry View general journal Import a new list Record the service revenue on account. 1 Record the sales allowance 2 Record the cash collection 3 4. Calculate net revenue associated with these transactions Net revenue

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