Adventure Fishing provides guided fishing tours. The company charges $260 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May. May 2 May 7 May 9 May 15 Charlene books a fishing tour with Adventure Fishing for herself and four friends at the group discount price ($1,170 $234 x 5). The tour is scheduled for May 7. The fishing tour occurs. Adventure Fishing asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days. 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. 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. 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. Required 1 Required 2 Record the necessary transaction(s) for Adventure Fishing on each date. (If no entry is required for a particular transaction/event, select the first account fold. Do not found intermediate calculations Round your answers to 2 decimal places)

Adventure Fishing provides guided fishing tours. The company charges $260 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May. Kay 2 Charlene books a fishing tour with Adventure Fishing for berself and four friends at the group discount price (51,178=$2345). The tour is scheduled for May 7 . May 7 The 1 ishing tour occurs. Adventure Fishing asks that payment be made within 30 days of the tour and offers a 57 discount for paysent within 15 days. 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 nunber 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, eanagenent offers a sales allowance of 30s of the anount due. May 20 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