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The Giles Agency offers a 8% 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 8% trade discount when providing advertising services of $1,000 or more to its customers. Audrey's Antiques decides to purchase advertising Services of $3,300 (not including the trade discount), while Michael's Motors purchases only $680 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 complete but not entirely correct. Debit Credit No Transaction General Journal 3,300 Accounts Receivable Service Revenue 3,300 680 Accounts Receivable Service Revenue

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