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Precision Dental Lab provides a 8% trade discount when offering lab services of $1,000 or more to its clients. Nemmers Dental decides to purchase laboratory services of $2.700 (not including the trade discount), while Midwest Dental purchases only $620 of lab services. Both services are provided on account. Record both transactions for Precision Dental Lab, accounting for any trade discounts. (If no entry is requlred for a particular transaction/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet 1 2 > Record the services provided to Nemmers Dental. Note: Enter debits before credits. Transaction General Journal Debit Credit 1

Precision Dental Lab provides a 8% trade discount when offering lab services of $1,000 or more to its clients. Nemmers Dental decides to purchase laboratory services of $2.700 (not including the trade discount), while Midwest Dental purchases only $620 of lab services. Both services are provided on account. Record both transactions for Precision Dental Lab, accounting for any trade discounts. (If no entry is requlred for a particular transaction/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet 1 2 > Record the services provided to Nemmers Dental. Note: Enter debits before credits. Transaction General Journal Debit Credit 1

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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for the journal entry:

1 Record the services provided to Nemmers Dental.

2 Record the services provided to Midwest Dental.

Thank you so much..

Precision Dental Lab provides a 8% trade discount when offering lab services of $1,000 or more to its clients. Nemmers Dental decides to purchase laboratory services of $2,700 (not including the trade discount), while Midwest Dental purchases only $620 of lab services. Both services are provided on account. Record both transactions for Precision Dental Lab, accounting for any trade discounts. (If no entry Is requlred for a particuler transaction/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet 1 2 > Record the services provided to Nemmers Dental. Note: Enter debits before credits. General Journal Credit Transaction Debit 1 Record entry Clear entry View general journal
Transcribed Image Text:Precision Dental Lab provides a 8% trade discount when offering lab services of $1,000 or more to its clients. Nemmers Dental decides to purchase laboratory services of $2,700 (not including the trade discount), while Midwest Dental purchases only $620 of lab services. Both services are provided on account. Record both transactions for Precision Dental Lab, accounting for any trade discounts. (If no entry Is requlred for a particuler transaction/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet 1 2 > Record the services provided to Nemmers Dental. Note: Enter debits before credits. General Journal Credit Transaction Debit 1 Record entry Clear entry View general journal
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