A company offers a 15% trade discount when providing services of $5 000 or more to its

Question

A company offers a 15% trade discount when providing services of $5,000 or more to its

customers.

Record the transaction when the company provides services of $8,500 (not including the trade discount) on account. (If no entry is required for a transaction/event, select No journal entry required in the first account field.)

Business