Charlene books a fishing tour with Brooks Expeditions for herself and four friends at the group discount price ($840 = $168 x 5). The tour is scheduled for May 7.

Charlene books a fishing tour with Brooks Expeditions for herself and four friends at the group discount price ($840=$1685). The tour is scheduled for May 7. Problem 5-2A (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) Brooks Expeditions provides guided fishing tours. The company charges $210 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 Brooks fxpeditions for herself and four friends at the eroup discount price (sseo = S16: 5). The tour is scheduled for May 7 . May 7 The fishing tour occurs. Brooks Expeditions asks that payeent be mode within 30 days of the tour end offers a 6x discount for paysent within 15 days. May 9 Charlene to upset that no one caught a single fish and asks management for a discount. Brouks fxpeditions has a strict policy of no discounts related to number of fish causht. amount due. May 20 Drooks Expoditions receives the amount ased by Charlens. Required: 1. Record the necessary transaction(s) for Brooks Expeditions on each date. 2. Show how Brooks Expeditions would present net revenues in its income statement. Complete this question by entering your answers in the tabs below