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5-2A (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) Adventure Fishing provides guided fishing tours. The company charges $170 per person
5-2A (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) Adventure Fishing 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 Adventure Fishing for herself and four friends at the group discount price ($680 = $136 5). The tour is scheduled for May 7. May 7 The fishing tour occurs. Adventure Fishing asks that payment be made within 30 days of the tour and offers a 6% discount for payment within 15 days. May 9 Charlene is upset that no one caught a single fish and
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