1 JRC Normal Descripcin Normal Chapter 5 Homework Submit your answers in CANVAS before it is due Use the following to answer questions 1-5 For the next few weeks the Ad Agency is offering a 15% trade discount when providing advertising services of $50,000 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: . Designs a $45,000 ad campaign for Customer A-on account-pays within 10 days Designs a $55,000 ad campaign for Customer B- on account - pays within 10 days Designs a $75,000 ad campaign for Customer Con account pays within 30 days Designs a $30,000 ad campaign for Customer D-received payment last month 15 What amount of Service revenue should the Agency record for Customer A? 25 What amount of Service revenue should the Agency record for Customer B? 3.5 Customer pays within 10 days, how much will they pay? 4. $ Determine the monthly Service revenue for the Agency 5/5 Determine the Agency's Net service evenue for the month Use the following to answer questions 6-7 The company reported the following amounts at the end of the year: Total sales Accounts receivable Sales allowances Allowance for Uncollectible accounts Sales discounts Sales returns Ingls americano $950,000 45,000 12.000 3,000 10,000 6.000 MacBook Air