Question: need help with this please Use the following to answer questions 15 For the next few weeks CJ Ad Agency is offering a 10% trade

 need help with this please Use the following to answer questions
need help with this please 15 For the next few weeks CJ Ad Agency is offering a

Use the following to answer questions 15 For the next few weeks CJ Ad Agency is offering a 10% trade discount when providing advertising services of $28,000 or more to its customers to encourage customers to buy more advertising. The Agency also offers 2/10, n 30 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: - Designs a $32,000 ad campaign for Customer A- on account-pays in 30 days - Designs a \$28,000 ad campaign for Customer B-on account-pays within 10 days - Designs a $23,000 ad campaign for Customer C - on account - pays within 10 days - Designs a $16,000 ad campaign for Customer D-received payment last month 1. 5 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 Use the following to answer questions 67 MC, Inc., reported the following amounts at the end of the year: 6. 5 Determine total contra revenues for the company 7. $ Determine net sales for the company

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!