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The Giles Agency offers a 10% trade discount when providing advertising services of $1,000 or...

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Accounting

The Giles Agency offers a 10% trade discount when providing advertising services of $1,000 or more to its customers. Audreys Antiques decides to purchase advertising services of $2,500 (not including the trade discount), while Michaels Motors purchases only $600 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 firs

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