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Problem 5-2B (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) Data Recovery Services (DRS) specializes in data recovery from crashed hard

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Problem 5-2B (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) Data Recovery Services (DRS) specializes in data recovery from crashed hard drives. The price charged varies based on the extent of domage and the amount of data being recovered, DRS offers a 20% discount to students and facuity at educationol institutions. Consider the following transactions during the month of June. June 10 Rashid's hard drive crashes and he sends it to pes. June 12 After inftial evaluation, 0ns e-mails Rashid to let hin knou that full data recovery will cost \$1,2ee. June 13 Rashid informs Dhs that, he would like then to recover the data and that he is a student at ucle, qualifying him for a 20 . educational ditcount and reducing the cost by $240(=$1,200205). June 16 DAS perforns the work and clains to be successful in recovering al1 data. OAS asks Rashid to pay within 30 days of today"s June 19 when Rashid receives the hard drive, he notices that DRS did not successfully recover a11 data. Approximately 25x of the data has not been recovered and he infores DPS. June 28 DAS reduces the amount Rashid oves by 25%. June 33 Rashid pays the amount owed. Required: 1. Record the necessary transoction(s) for Dota 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 Recovery Services on each date, (If no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field, Do not round intermed ente calculations.) Journal entry worksheet Show how net revenues would be presented in the income statement. (Do not round intermediate cal 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.)

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