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Adventure Fishing provides guided fishing tours. The company charges $110 per person but offers a 20% discount to parties of four or more. Consider the

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Adventure Fishing provides guided fishing tours. The company charges $110 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 (544e=$885). The tour is scheduled for May 7 . May 7 The tishing tour occurs. Adventure Fishing asks that paysent be made within 36 days of the tour and offers a 6t discount for paynent within 15 days. May 9 Charlene is upset that no one caught a singte fish and asks managenent for a discount. Adventure Fishing has a May is strict policy of no discounts related to nunber of tish caught. Nay 15 Upon deeper investigation, managenent of Adventure Fishing discovers that Charlene's tour was led by a new guide who did not take the group to sone of the better fishing spots. In concession, managenent offers a sates allowance of 3 an of the anount die. May 26 Adventure Fishing receives the anount owed by Charlene. Required: 1. Record the necessary transaction(s) for Adventure Fishing on each date. 2. Show how Adventure Fishing would present net revenues in its income statement. Complete this question by entering your answers in the tabs below. Record the necessary transaction(s) for Adventure Fishing on each date. (If no entry is byquired for a particular transaction/event, seiect "No Joumal Entry Required" in the first account field. Do not round intermediate calculations. Round yourt answers to 2 decimal places.) May 15 Upon deeper investigation, management of Adventure Fishing discovers that Charlene's tour was who did not take the group to some of the better fishing spots. In concession, manageme allowance of 30% of the amount due. May 20 Adventure Fishing receives the amount owed by Charlene. Required: 1. Record the necessary transaction(s) for Adventure Fishing on each date. 2. Show how Adventure Fishing would present net revenues in its income statement. Complete this question by entering your answers in the tabs below. Show how Adventure Fishing would present net revenues in its income statement. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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