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can you please show your work so I understand how you did it? thank you. :) Use the following to answer questions 1 - 5
can you please show your work so I understand how you did it? thank you. :)
Use the following to answer questions 1 - 5 For the next few weeks the Ad Agency is offering a 12% trade discount when providing advertising services of $40,000 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 $20,000 ad campaign for Customer A-on account-pays within 10 days Designs a $40,000 ad campaign for Customer B-on account-pays within 10 days Designs a $50,000 ad campaign for Customer C-on account-pays within 30 days Designs a $25,000 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. $. 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 12-15 At December 31, the company reported accounts receivable of $50,000 and an allowance for uncollectible accounts of $400 (credit). An analysis of accounts receivable suggests that the allowance for uncollectible accounts should be 6% of accounts receivable. 12. $ _Estimate the amount of uncollectible receivables: 13. $ When recording the adjusting entry for bad debt expense how much should allowance for Uncollectible accounts be credited? 14. On January 10, a customer's account balance of $300 is written off as uncollectible. Record the write-off. 15. $ If Net Accounts receivable were $47,000 before the write-off, how much are Net Accounts receivable AFTER the write-off Step by Step Solution
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