60.1K

Verified Solution

Link Copied!

Use the following to answer questions 15 For the next few weeks, the company is offering a 20% trade discount when providing services of $10,000 or more to its customers to encourage customers to buy more services. The company also offers 2/10,n30 on all credit sales. All credit sales are invoiced at the end of the month. The company provided the following services this month; amounts are shown before trade discounts have been deducted: - Provides $12,000 services for Customer A on account- pays within 10 days - Provides $7,000 services for Customer B- on account- pays within 10 davs - Provides $20,000 services for Customer C - on account - pays within 30 days - Provides $8,000 services for Customer D received payment last month 1. \$ What amount of Service revenue should the company record for Customer A? 2. \$ What amount of Service revenue should the company record for Customer B? 3. $ Customer B pays within 10 days; how much will they pay? 4. $ Determine the monthly Service revenue for the company 5. \$ Determine the company's Net service revenue for the month Use the following to answer questions 6z The company reported the following amounts at the end of the year: 6. $ Determine total contra revenues for the company 7. ! Determine net sales for the company

Answer & Explanation Solved by verified expert

See Answer