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Data Recovery Services (DRS) specializes in data recovery from crashed hard drives. The price charged varies based on the extent of damage and the amount
Data Recovery Services (DRS) 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. DRS offers a 15% discount to students and faculty at educational Institutions Consider the following transactions during the month of June
Comprete this question oy entering your answers in the taos berow. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calcufations.) Journal entry worksheet 234567 Rashid's hard drive crashes and he sends it to oRs. Notet Enter debits before credts. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is required for a particular tran select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet When Rashid receives the hard drive, he notices that DRS did not successfully recover all data. Approximately 15% of the data has not been recovered and he informs DRS. Note: Enter debits before credits. Compiete cis question by entenng your answers in the tabs betow. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is required for a particular transa select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet DRS performs the work and claims to be successful in recovering all data. DRS asks Rashid to pay within 30 days of today's date, offering a 4% discount for payment within 10 days. Note: Enter debits belore credats. compiere this question by entering your answers in the taos beiow. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is required for a particular transactiony select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet 67 After initial evaluation, DRS e-malis Rashid to let him know that full data recovery will cost $1,600. Note: tinter debis belore credis. Data Recovery Services (DRS) specializes in data recovery from crashed hard drives. The price charged varies based damage and the amount of data being recovered. DRS offers a 15% discount to students and faculty at educational ins Consider the following transactions during the month of June. June 10 Rashid's hard drive crashes and he sends it to ops. June 12 After inftial evaluation, DRS e-mails Rashid to let him know that full data recovery will cost $1,699. June 13 Rashid informs DRs that he would like then to recover the data and that he is a student at uCLA, qualifyi educational discount and reducing the cost by $240(=$1,60015%). June 16 ORS perforns the work and clains to be successful in recovering all data. Das asks Rashid to pay within 30 date, offering a 4X discount for payment within 10 days. June 19 When Rashid recelves the hard drive, he notices that Das did not successfully recover all data. Approxim. data has not been recovered and he informs ons. June 20 DRS reduces the abount Rashid owes by 15%. 3 une 30 Rashid pays the amount owed. Required: 1. Record the necessary transaction(s) for Data Recovery Services on each date. 2. Show how net revenues would be presented in the income statement. 3. Calculate net revenues if Rashid had paid his bill on June 25 Complete this question by entering your answers in the tabs below. Calculate net revenues if Rashid had paid his bill on June 25. (Round your answer to 2 decimal places.) Comprete this question by entering your answers in the taos vetow. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is required for a particular trans. select "No Journal Entry Required" in the first account fleld. Do not round intermediate calculations.) Journal entry worksheet Compiete this question by entermg your answers in the taos beiow. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is required for a particular transaction/ select "No Joumal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Rashid informs DRS that he would like them to recover the data and that he is a student at UCLA, qualifying him for a 15% educational discount and reducing the cost by $240(=$1,60015%). Note: Enter debits before credits: Compiete tnis question by entermg your answers in the tabs beiow. Record the necessary transaction(s) for Data Recovery Services on each date. (If no entry is required for a particular tr select "No Joumal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Data Recovery Services (DRS) 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. DRS offers a 15% discount to students and faculty at educational institutions. Consider the following transactions during the month of June. June 10 Rashid's hard drive crashes and he sends it to ons. June 12 After initial evalustion, oas e-malls Rashid to let him know that full data recovery w11 cost $1,600. June 13 Rashid Informs Des that he would like then to recover the data and that he is a student at UCLa, qualifying hin for a 158 educational discount and reducing the cost by $240(=$1,60015X). June 16 Das performs the work and clains to be successful in recovering all data. bas asks alashid to pay within 30 days of today's date, offering a 45 discount for payment within 10 days. June 19 When hashid receives the hard drive, he notices that oas did not successfully recover all data. Approxinately 15x of the data has not been recovered and he inforns ons. June 20 DRS reduces the amount Rashid owes by 15x. June 30 Rashid pays the anount owed. Required: 1. Record the necessary transaction(s) for Data Recovery Services on each date. 2 Show how net revenues would be presented in the income statement. 3. Calculate net revenues if Rashid had paid his bill on June 25 Complete this question by entering your answers in the tabs below. Record the necessary transaction(s) for Data flecovery Services on each date. (If no entry is required for a particular transactionvevent, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) June 12 After initial evaluation, DRS e-pails Rashid to let hin know that full data recovery will cost $1,609. June 13 Rashid informs DRS that he would like them to recover the data and that he is a student at UCLA, qualif educational discount and reducing the cost by $240(=$1,60015x). June 16 ORS performs the work and clains to be successful in recovering all data. DRS asks Rashid to pay within date, offering a 4X discount for payment within 10 days. June 19 When Rashid receives the hard drive, he notices that DaS did not successfully recover all data. Approxi data has not been recovered and he informs ons. June 20 ORS reduces the amount Rashid owes by 15x. June 30 Rashid pays the amount owed. Required: 1. Record the necessary transaction(s) for Data Recovery Services on each date. 2. Show how net revenues would be presented in the income statement. 3. Calculate net revenues if Rashid had paid his bill on June 25. Complete this question by entering your answers in the tabs below. Show how net revenues would be presented in the income statement. (Do not round intermedlate calculations.) Step by Step Solution
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