Recovery Experts $($RE$)$ specializes in data recovery from crashed hard drives. The price charged varies based on the extent of damage

and the amount of data being recovered. RE offers a $10\%$ discount to students and faculty at educational institutions. Consider the

following transactions during the month of June:

June $10$ Luke's hard drive crashes and he sends it to RE$.$

June $12$ After initial evaluation, RE e$-$mails Luke to let him know that full data recovery will cost $$1,600.$

June $13$ Luke informs RE that he would like them to recover the data and that he is a student at USC, qualifying him

for a $10\%$ educational discount and reducing the cost by $$160($$$1,600\backslash$times $10\%).$

June $16$ RE performs the work and claims to be successful in recovering all data. RE asks Luke to pay within $30$ days of

today's date, offering a $5\%$ discount for payment within $10$ days.

June $19$ When Luke receives the hard drive, he notices that RE did not successfully recover all data. Approximately $25\%$

of the data has not been recovered and he informs RE$.$

June $20$ RE reduces the amount Luke owes by $25\%.$

June $30$ Luke pays the amount owed.

Required:

Record the necessary transaction$($s$)$ for Recovery Experts on each date.

Calculate net revenues.

Show how net revenues would be presented in the income statement.

Calculate net revenues if Luke had paid his bill on June $25.$

Complete this question by entering your answers in the tabs below.

Record the necessary transaction$($s$)$ for Recovery Experts on each date. $($If no entry is required for a particular transaction$/$event$,$ select

$"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet