what is the Service Revenue?
Required Information (The following information applies to the questions displayed below. Nicole's Getaway Spa (NGS) has been so successful that Nicole has decided to expand her spa by selling merchandise. She sells things such as nail polish, at-home spa kits, cosmetics, and aromatherapy items. Nicole uses a perpetual inventory system and is starting to realize all of the work that is created when inventory is involved in a business. The following transactions were selected from among those completed by NGS in August. Aug. 2 sold a bundle of apa services with a merchandise basket. When sold separately, the spa service part of the bundle solls for $574 and the merchandise basket normally sells for $246. Together, the bundle was sold to Val Amy for cash at a selling price of $510 (total). Val booked a spa treatment for August 10, and she took the basket of goods with her. The goods had cont NGS $160. Aug. 3 Sold 5 identical items of merchandise to Coomotica R Us on account at a selling price of $660 (total); terma n/30. The goods cost NGS $560. Aug. 6 Cosmetics R Us returned one of the five tomo purchased on August 3. The item could still be sold by Ngs in the future and credit was given to the customer. Aug. 10 Val Amy used one of the three spa treatments who had purchased as part of the bundle gold to her on August 2. Aug. 20 Sold two at-home spa kits to Meghan Witzol for $460 cash. The goods cost NGS $176. Aug.22 Cosmetico R ve paid its remaining account balance in full. Required: 1. Prepare journal entries for each transaction. No additional sales returns are expected. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal Debit Credit 1 Cash 510 Aug 02 153 Sales Revenue Service Revenue O > 2 Aug 02 160 Cost of Goods Sold Inventory 160 > 3 Aug 03 660 Accounts Receivable Sales Revenue 660 4 Aug 03 660 Cost of Goods Sold Inventory 560 5 > Aug 08 132 Sales Revenue Accounts Receivable 132 S 6 Aug 06 112 Inventory Cost of Goods Sold 112 7 Aug 10 Deferred Revenue Service Revenue 8 Aug 20 460 Cash Sales Revenue 460 9 Aug 20 176 Cost of Goods Sold Inventory 176 10 Aug 22 Cash ARATA DAHA 2-a. Calculate the Sales Revenue and Cost of Goods Sold for the transactions listed above (but exclude Service Revenue for spa services). Sales Revenue Cost of Goods Sold 2-b. What is Nicole's Getaway Spa's gross profit percentage (excluding Service Revenue)? (Round your answer to 1 decimal place.) Gross Profit Percentage