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For the next few weeks the Ad Agency is offering a 15% trade discount when providing advertising services of $50,000 or more to its customers

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For the next few weeks the Ad Agency is offering a 15% trade discount when providing advertising services of $50,000 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 $45,000 ad campaign for Customer A-on account, pays within 10 days Designs a $55,000 ad campaign for Customer B on account- pays within 10 days Designs a $75,000 ad campaign for Customer C on account - pays within 30 days Designs a $30,000 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 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 Agencys Net service revenue for the month Use the following to answer questions 16 - 19 For each transaction indicate whether it should: A. increase, B. decrease, or C. no effect. Credit sales transaction cycle AssttabilitStockholders' equRyvenixpenses 16. Provide services on account 17. Estimate uncollectible accounts 18. Write off accounts as uncollectible 19. Collect on account previously written off E

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