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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, 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 $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. $ 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. 5 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. S Determine total contra revenues for the company 7. $ Determine net sales for the company Use the following to answer questions 811 The following information pertains to JR, Inc. for the month of November: JR uses the percent of receivables method and estimates it will not collect 7% of accounts receivable. Chapter 5 Page 5-1 8. $ Determine the ending balance for the Allowance for Uncollectible Accounts 9. $ Determine the appropriate amount to record for Bad Debt expense 10. $ Assuming the Allowance for Uncollectible accounts had a $200 debit balance, determine the amount to record for Bad Debt expense 11. $ After recording bad debt expense the Net Accounts Receivable is