1. Record the journal entries for each transaction.

Outdoor Expo provides guided fishing tours. The company charges $170 per person but offers a 20% discount to parties of four or more. Consider the following transactions during the month of May. May 2. Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($60 - $136 * 5). The tour is scheduled for May 7. May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 6# discount for payment within 15 days. (Hint the price of the tour in the group discount price mentioned above. ) May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught. May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene's tour was led by a new guide who did not take the group to one of the better fishing spots. In concession, management offers a sales allowance of 40 of the amount due. May 20 Charlene pays for the tour after deducting the sales allowance. (Hint: Did Charlene pay within the discount period? If so, Outdoor Expo records a saleu discount when it receives cash from Charlene. The discount would be computed on the amount Charlene owes after the sales allowance is granted on May 15. Enter the amount of sales discount with two decimal places (0.9., $11.52). 1 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($680 = $136 x 5). The tour is scheduled for May 7. Note: Enter debits before credits. General Journal Debit Credit Date May 02 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 6% discount for payment within 15 days. Note: Enter debits before credits. Date General Journal Debit Credit May 07 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught. Note: Enter debits before credits Date General Journal Debit Credit May 09 .. Upon deeper investigation, management of Outdoor Expo discovers that Charlene's tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 40% of the amount due. Note: Enter debits before credits. Date General Journal Debit Credit May 15 Charlene pays for the tour after deducting the sales allowance. Note: Enter debits before credits. General Journal Debit Credit Date May 20