Question
record the necessary transactions for for Data recovery services on each date and show how net revenues would be presented in the income statement
The following information to the questions displayed below) the amount of dat being recovered. Sofers a discount to Data Reco
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Answer #1
Date Debit Credit
1 Jun-10 No Journal Entry
2 Jun-12 No Journal Entry
3 Jun-13 No Journal Entry
4 Jun-16 Accounts Receivable 1615
Service Revenue 1615
5 Jun-19 No Journal Entry
6 Jun-20 Sales Allowance 323
Accounts Receivable 323
7 Jun-30 Cash 1292
Accounts Receivable 1292
DATA RECOVERY SERVICES
Partial Income Statement
Total service revenues    1,615.00
Less: Sales allowances -     323.00
Net service revenues    1,292.00
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