Barton Health Services provided care to a patient worth $1,200. Because the patient was over the age of 65, Barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would Barton record the service transaction?
B) $\begin{array}{lcc} \text { Cash } & 960 & \ \text { Trade Discount } & 240 & \ \quad \text { Service Revenue } & & 1,200 \end{array}$
C) $\begin{array}{l} \text { Cash } &1,200\ \quad \text { Service Revenue }&&1,200 \end{array}$
D) $\begin{array}{ll}\text { Cash }&1,200\ \text { Trade Discount } && 240 \ \text { Service Revenue } && 960 \end{array}$

Question

Barton Health Services provided care to a patient worth $1,200. Because the patient was over the age of 65, Barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would Barton record the service transaction?
B) $\begin{array}{lcc} \text { Cash } & 960 & \ \text { Trade Discount } & 240 & \ \quad \text { Service Revenue } & & 1,200 \end{array}$ 
C) $\begin{array}{l} \text { Cash } &1,200\ \quad \text { Service Revenue }&&1,200 \end{array}$ 
D) $\begin{array}{ll}\text { Cash }&1,200\ \text { Trade Discount } && 240 \ \text { Service Revenue } && 960 \end{array}$

Quizplus · Accepted Answer

The Answer of Barton Health Services provided care to a patient worth $1,200. Because the patient was over the age of 65, Barton granted the patient a 20% discount and the customer paid the correct amount in cash. How would Barton record the service transaction?
B) $\begin{array}{lcc} \text { Cash } & 960 & \ \text { Trade Discount } & 240 & \ \quad \text { Service Revenue } & & 1,200 \end{array}$ 
C) $\begin{array}{l} \text { Cash } &1,200\ \quad \text { Service Revenue }&&1,200 \end{array}$ 
D) $\begin{array}{ll}\text { Cash }&1,200\ \text { Trade Discount } && 240 \ \text { Service Revenue } && 960 \end{array}$

Barton Health Services Provided Care to a Patient Worth $1,200 Cash 960 Trade Discount 240 Service Revenue 1,200\begin{array}{lcc}\text { Cash } & 960 & \\\text { Trade Discount } & 240 & \\\quad \text { Service Revenue } & & 1,200\end{array} Cash Trade Discount Service Revenue ​960240​1,200​

Barton Health Services Provided Care to a Patient Worth $1,200 $\begin{array}{lcc}\text { Cash } & 960 & \\\text { Trade Discount } & 240 & \\\quad \text { Service Revenue } & & 1,200\end{array}$