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The Giles Agency offers a 12% trade discount when providing advertising services of $1,000 or more to its customers. Audrey's Antiques decides to purchase advertising

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The Giles Agency offers a 12% trade discount when providing advertising services of $1,000 or more to its customers. Audrey's Antiques decides to purchase advertising services of $1,900 (not including the trade discount), while Michael's Motors purchases only $540 of advertising. Both services are provided on account Record both transactions for The Giles Agency, 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.) Answer is not complete. No Transaction General Journal Credit 1 1 Accounts Receivable Advertising Expense Service Revenue Debit 1,672 228 1,900 2 2 540 Accounts Receivable Service Revenue 540

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