For the next few weeks TJ Agency is offering a 20% trade discount when providing advertising...
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For the next few weeks TJ Agency is offering a 20% trade discount when providing advertising services of $30,000 or more to its customers to encourage customers to buy more advertising. The Agency also offers 2/10, n30 on all credit sales. All credit sales are invoiced at the end of the month. The Agency provided the following services this month; amounts are shown BEFORE trade discounts have been deducted. Remember, all sales and services are recorded at the agreed upon price. Designs a $50,000 ad campaign for Customer A- on account- pays in 30 days Designs a $75,000 ad campaign for Customer B- on account- pays within 10 days Designs a $20,000 ad campaign for Customer C- on account- pays within 10 days Designs a $10,000 ad campaign for Customer D-received payment last month 1. $ _What amount of Service revenue should the Agency record for Customer A? 2. $ What amount of Service revenue should the Agency record for Customer B? 3. $ Customer B pays within 10 days, how much will they pay? 4. $ Determine the monthly Service revenue for the Agency 5. $. Determine the Agency's Net service revenue for the month For the next few weeks TJ Agency is offering a 20% trade discount when providing advertising services of $30,000 or more to its customers to encourage customers to buy more advertising. The Agency also offers 2/10, n30 on all credit sales. All credit sales are invoiced at the end of the month. The Agency provided the following services this month; amounts are shown BEFORE trade discounts have been deducted. Remember, all sales and services are recorded at the agreed upon price. Designs a $50,000 ad campaign for Customer A- on account- pays in 30 days Designs a $75,000 ad campaign for Customer B- on account- pays within 10 days Designs a $20,000 ad campaign for Customer C- on account- pays within 10 days Designs a $10,000 ad campaign for Customer D-received payment last month 1. $ _What amount of Service revenue should the Agency record for Customer A? 2. $ What amount of Service revenue should the Agency record for Customer B? 3. $ Customer B pays within 10 days, how much will they pay? 4. $ Determine the monthly Service revenue for the Agency 5. $. Determine the Agency's Net service revenue for the month
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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