Question 1 on may 7 juanita construction provides services, Ask an Expert

Finance

Question: 1. On May 7, Juanita Construction provides services on account to Michael Wolfe for $3,000. Michael pays for those services on May 13.

Required: For Juanita Construction, record the service on account on May 7 and the collection of cash on May 13.

2. Merry Maidens Cleaning generally charges $200 for a detailed cleaning of a normal-size home. However, to generate additional business, Merry Maidens is offering a new-customer discount of 10%. On May 1, Ms. E. Pearson has Merry Maidens clean her house and pays cash equal to the discounted price.

Required: Record the revenue earned by Merry Maidens Cleaning on May 1

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M92328963

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