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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
for the
1 Record the services provided to Nemmers Dental.
2 Record the services provided to Midwest Dental.
Thank you so much..
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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