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Recovery Experts (RE) specializes in data recovery from crashed hard drives. The price charged varies based on the extent of damage and the amount of

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Recovery Experts (RE) 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. RE offers a 10% discount to students and faculty at educational institutions. Consider the following transactions during the month of June: June 10 Luka's hard drive crashes and he sends it to g:. June 12 After inltial evaluation, RE e-mails Luke to let him know that full data recovery will cost $1,600. June 13 Luke informs 0: that he would like then to recover the data and that he is a student at usc, qualifying him for a 101 educational discount and reducing the cost by $160($1,600103). June 16RE perforna the work and clains to be auccessful in rocovering all data, RE asks Luke. to pay within 30 days of today's date, offering a 58 discount for payment within 10 days. June 19 When Luke receives the hard drive, he notices that RE did not successfully recover al1 data. Approximately 251 of the data has not been recovered and he informs RE. June 20hr reducen the anount Luke oves by 251. June 30 Loke pays the amount owed. Required: 1. Record the necessary transaction(s) for Recovery Experts on each date. 2. Calculate net revenues. 3. Show how net revenues would be presented in the income statement. 4. Calculate net revenues if Luke had paid his bill on June 25 . Complete this question by entering your answers in the tabs below. Record the necessary transaction(s) for Recovery Experts on each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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