Adventure Fishing provides guided fishing tours. The company charges $170 per person but offers a 20% discount to parties of four of 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 (\$6se = $135 5). The tour is scheduled for May 7 . May 7 The fishing tour occurs. Adventure Fishing asks that paysent, 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 a single fish and asks managenent for a discount. Adventure fishing has a strict policy of no discounts related to number of fish caught. May 15 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, managecent offers a sales allowance of 40x 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. \begin{tabular}{|c|c|c|c|c|c|} \hline No & Date & General Joumal & & Debit & Credit \\ \hline \multirow[t]{2}{*}{1} & May 02 & No Joumal Entry Required & 0 & & \\ \hline & & & & & \\ \hline \multirow[t]{2}{*}{2} & May 07 & Accounts Receivable & 0 & 680.000 & \\ \hline & & Tour Revenue & 0 & & 680.000 \\ \hline \multirow[t]{2}{*}{3} & & & & & \\ \hline & & & 0 & & \\ \hline \multirow[t]{2}{*}{4} & May 15 & & & & \\ \hline & & & 0 & 272.000 & \\ \hline & & Accounts Recoivable & 0 & & 272.000 \\ \hline \multirow[t]{3}{*}{5} & May 20 & Cash & & & \\ \hline & & Sales Discounts & 0 & 478.7232.498 & \\ \hline & & Accounts Receivable & & 32.64 & 511.36 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ ADVENTURE FISHING } \\ \hline \multicolumn{4}{|c|}{ Partial Income Statement } \\ \hline Total tour revenues & & $ & 680.00 \\ \hline Less: Sales allowances & ( ) & & 272.00 \\ \hline Less: Sales discounts & 2 & & 32.64 \\ \hline Net tour revenues & & $ & 375.36 \\ \hline \end{tabular}