Use the following to answer questions 1-5
For the next few weeks, the company is offering a 10% trade discount when providing services of $10,000 or more
to its customers to encourage customers to buy more services. The company also offers 2/10, n30 on all credit
sales. All credit sales are invoiced at the end of the month. The company provided the following services this
month; amounts are shown before trade discounts have been deducted:
Provides $10,000 services for Customer A- on account- pays within 10 days
Provides $8,000 services for Customer B- on account- pays within 10 days
Provides $15,000 services for Customer C-on account- pays within 30 days
Provides $5,000 services for Customer D-received payment last month
1. $\underline{10,000} What amount of Service revenue should the company record for Customer A?
2. $\underline{10,000} What amount of Service revenue should the company record for Customer B?
3. $\underline{2,000} Customer B pays within 10 days; how much will they pay?
4. $\underline{30,000} Determine the monthly Service revenue for the company
5. $\underline{31,000} Determine the company's Net service revenue for the month