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 erashes and he sends it to DRS. June 12 After initiol evaluation, ons e-nails Rashid to let his knos that full data recovery will cost $2,200. June 13 Rashid inforns DRS that he would like then to recover the data and that he is a student at. UCLA, qualifying hin for: a 155 educational discount and reducing the cost by $330($2,26015%). June 16 Das perform the work and claims to be successful in recovering all data. bas asks hashid to pay within 30 days of today's date, offering a 4 discount for payment within 10 days. June 19 when Rashid recelves the hard drive, he notices that oRs did not successfully recover all data. Approxinately 20x of the data has not been recovered and he inforns ons. gune 20 DRS reduces the anount atashid owes by 20O. June 30 . ashid pays the apount 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. Caiculate 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(a) for Data Recovery services on oach date. (If no entry is required for a particular trahsaction/event, yelect "No Journal Entry Required" in the first account fleld. Do not round intermediate calculations.) 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 intermedlh 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 Rosbid's hard drive crashes and he sends it to DAS. June 12 After inlelal evaluation, bas e-mails Rashid to let fin know that full data recovery will cost 52,208 . June 13 Rashid Informs ons. that he would like then to recover the data and that he is a student at uCLA, qualifyling hin for a 15\% educational dSscount and reducing the cost by $330(=$2,20015%). June 16 ORS performs the work and clalas to be successful in recovering all data, 0as asks rashid to pay within 30 days of today's date, offering a 4x discount for payment within 10 days. 7une 19 When Rashid receives the hard drive, he notices that ofs did not successfully recover als data. Approxinately 208 of the data has not been recovered and he informs ons. June 20 DRS ceduces the anount Rashid owes by 205 . June 30 Hashid pays the anount oved. 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 Jane 25 . (Round your answer to 2 decimal places.)
