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We Fix It is a service company which fixes appliances. Their normal price to fix a...

We Fix It is a service company which fixes appliances. Their normal price to fix a refrigerator is $100, the dishwasher is $60, and the washing machine is $40. A customer requests service for all three appliances and receives a discount of $20. On the day of the service the technician collects the full amount from the customer but is only able to fix the dishwasher. She will come back with the necessary parts and fix the other two appliances later. What journal entry should We Fix It record on this first visit (ignore any costs such as salary of technician)?

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Answer #1

What journal entry should We Fix It record on this first visit (ignore any costs such as salary of technician)?

Cash ( 100 + 60 + 40 - 20 ) 180
Service revenue ( 20 * (60/200 )) ( 60 - 6 ) 54
Unearned Service revenue 126
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