Use the following to answer questions 1-5 For the next few weeks TJ Agency is offering a 20% 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 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. Remember, all sales and services are recorded at the agreed upon price. Designs a $50,000 ad campaign for Customer A- on account-pays in 30 days 4 Designs a $75,000 ad campaign for Customer B-on account-pays within 10 days Designs a $20,000 ad campaign for Customer C-on account- pays within 10 days Designs a $10,000 ad campaign for Customer D-received payment last month 1. S 2. S 3. S 4. S 5. S What amount of Service revenue should the Agency record for Customer A? What amount of Service revenue should the Agency record for Customer 8? Customer B pays within 10 days, how much will they pay? Determine the monthly Service revenue for the Agency Determine the Agency's Net service revenue for the month Use the following to answer questions 6-7 MC, Inc., reported the following amounts at the end of the year: Total sales $888,000 Accounts receivable 60,000 Sales allowances 3,500 Allowance for Uncollectible accounts 1,400 Sales discounts 18,000 Sales returns 9,000 6. $ Determine total contra revenues for the company 7. $ Determine net sales for the company