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BE5-1 The Giles Agency offers a 12% trade discount when providing advertising services of $1,000...

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Accounting

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BE5-1 The Giles Agency offers a 12% trade discount when providing advertising services of $1,000 or more to its customers. Audrey's Antiques decides to purchase advertising services of $3,500 (not including the trade discount), while Michael's Motors purchases only $700 of advertising. Both services are provided on account. Record both transactions for The Giles Agency, accounting for any trade discounts

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