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Brief Exercise 5-1 (Algo) Record accounts receivable and trade discount (LO5-2) The Giles Agency offers a 10% trade discount when providing advertising services of $1,000 or more to its customers. Audrey's Antiques decides to purchase advertising services of $1,700 (not including the trade discount), while Michael's Motors purchases only $520 of advertising. Both services are provided on account. Record both transactions for The Giles Agency, accounting for any trade discounts. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 Record the services prowided to Audrey's Antiques for $1,700. Note: Ever debita before orests. Brief Exercise 5-1 (Algo) Record accounts receivable and trade discount (LO5-2) The Giles Agency offers a 10\% trade discount when providing advertising services of $1,000 or more to its customers. Audrey's Antiques decides to purchase advertising services of $1,700 (not including the trade discount). while Michael's Motors purchases only $520 of advertising. Both services are provided on account. Record both transactions for The Gles Agency, accounting for any trade discounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the services provided to Michael's Motor for $520. Noter Enter debits befoce ovdits

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