Refer to the information in BE5–2. Determine the financial statement effects when the company provides services on account on February 3 and collects cash from the customer on February 9.

Data from in BE5-2

On February 3, a company provides services on account for $25,000, terms 2/10, n/30. On February 9, the company receives payment from the customer for those services on February 3. Record the service on account on February 3 and the collection of cash on February 9.