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I need help with 1-7 Use the following to answer questions 1 - 5 For the next few weeks CJM Ad Agency is offering a

I need help with 1-7image text in transcribed

Use the following to answer questions 1 - 5 For the next few weeks CJM Ad Agency is offering a 10% trade discount when providing advertising services of $30,000 or more to its customers to encourage customers to buy more advertising. The Agency also offers 3/5, 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 $30,000 ad campaign for Customer A, on account, pays in 30 days Designs a $35,000 ad campaign for Customer B- on account - pays within 5 days Designs a $21,000 ad campaign for Customer C-on account - pays within 5 days Designs a $18,000 ad campaign for Customer D-received payment last month 1. $__ What amount of Service revenue should the Agency record for Customer A? What amount of Service revenue should the Agency record for Customer B? Customer B pays within 5 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 6-7 MBC, Inc., reported the following amounts at the end of the year: Total sales Accounts receivable Sales allowances Allowance for Uncollectible accounts Sales discounts Sales returns $750,000 85,000 2,000 7,000 9,000 4,000 6. $_ Determine total contra revenues for the company 7. $_ Determine net sales for the company

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