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The Giles Agency offers a 8% trade discount when providing advertising services of $1,000 or more to its customers. Audreys Antiques decides to purchase advertising

The Giles Agency offers a 8% trade discount when providing advertising services of $1,000 or more to its customers. Audreys Antiques decides to purchase advertising services of $2,700 (not including the trade discount), while Michaels Motors purchases only $620 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 transaction/event, select "No journal entry required" in the first account field.)

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