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20-24. Recovery Experts (RE) specializes in data recovery from crashed hard drives. The price charged varies amount ofdata being recovered. RE offers a 10% discount
20-24. Recovery Experts (RE) specializes in data recovery from crashed hard drives. The price charged varies amount ofdata being recovered. RE offers a 10% discount to students and during the month of June based on the extent of damage and the faculity at educational institutions. Consider the following transactions d June 10 Luke's hard drive crashes and he sends i& to RE June 12After i nitial evaluation, RE e-mails Luke to let him know thait ful data r recovery will cost $1,600. June 13 Luke informs RE that he would lke them to recover the dats and that he is a student at USC, qualifying informs RE that he would like them to recover the data and that he is a student a a 10% educational discount and reducrghe cost by S160($1.600-10%) June 16|RE performs the work and darns to be succestneecveng alldata. RE asks Luke to pay witin 300 od today'sdate, offering a 5% do ourt for payment wen 10 days. June 19 When Luke receives the hard drive, he notices that RE did not successfully recover all data. Approximately 25% or the data has not been reovered and he norms RE June 20 IRE reduces the amount Luke owes by 25%. June 30 Luke pays the amount owed Required: Record the necessary transactions(s) for Recovery Experts on each date. Write "NA" it no journal entry is needed 2. Calculate net revenues. Date Account Debit Credit
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