A company offers a 15% trade discount when providing services of $5,000 or more to its customers.

A company offers a 15% trade discount when providing services of $5,000 or more to its customers.

Record the transaction when the company provides services of $8,500 (not including the trade discount) on account. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)