Adventure Fishing provides guided fishing tours. The company charges $140 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 ( $560=$112 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 6x discount for payment within 15 days. May 9 Charlene is upset that no one caught o single fish and asks managenent for a discount. Adventure Fishing has a intrict policy of no discounts related to number of fish caught. Hay is Upon deeper investifation, management of Adventure Fishine discovers that Charlene's tour was led by a new guide who did not take the group to sobe of the better fishing spots. In concession, management offers a sales allowance af jox of the anount due. May 20 Adventure Fishing recelves 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. Journal entry worksheet 1 5 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. Note: Enter debits before credits. Journal entry worksheet 5 Charlene books a fishing tour with Adventure Fishing for herself and four friends at the group discount price ($560=$1125). The tour is scheduled for May 7. Note: Enter debits before credits. Journal entry worksheet 1 Charlene is upset that no one caught a single fish and asks management for a discount. Adventure Fishing has a strict policy of no discounts related to number of fish caught. Note: Enter debits before credits. Journal entry worksheet Adventure Fishing receives the amount owed by Charlene. Note: Enter debits before credits. Journal entry worksheet 1 Upon deeper investigation, management of Adventure Fishing 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 30% of the amount due. Note: Enter debits before credits