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  3. on may 7, juanita construction provides services o

On May 7, Juanita Construction provides services on account to Michael Wolfe for $3,100. Michael...

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Accounting

On May 7, Juanita Construction provides services on account to Michael Wolfe for $3,100. Michael pays for those services on May 13.
Required:
For Juanita Construction, what are the financial statement effects when the service is rendered on May 7?
For Juanita Construction, what are the financial statement effects when the cash is collected on May 13?
Complete this question by entering your answers in the tabs below.
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Required 2
For Juanita Construction, what are the financial statement effects when the cash is collected on May 13?
Note: Amounts to be deducted should be indicated by a minus sign.
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