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Use the following to answer questions 15 For the next few weeks CIM Ad Agency is offering a 20% trade discount when providing advertising services

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Use the following to answer questions 15 For the next few weeks CIM Ad Agency is offering a 20% 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, n 30 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 within 10 days - Designs a $50,000 ad campaign for Customer B-on account-pays within 10 days - Designs a $50,000 ad campaign for Customer C - on account-pays within 30 days - Designs a $20,000 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. 5 Customer B pays within 10 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

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