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Journal entry worksheet The fishing tour occurs. Salomon Outdoors asks that payment be made within 30 days of the tour and offers a 4% discount
Journal entry worksheet The fishing tour occurs. Salomon Outdoors asks that payment be made within 30 days of the tour and offers a 4\% discount for payment within 15 days. Note: Enter debits before credits. Journal entry worksheet Charlene is upset that no one caught a single fish and asks management for a discount. Salomon Outdoors has a strict policy of no discounts related to number of fish caught. Note: Enter debits before credits. Journal entry worksheet Salomon Outdoors receives the amount owed by Charlene. Note: Enter debits before credits. Record the necessary transaction(s) for Salomon Outdoors on each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to 2 decimal places.) Journal entry worksheet 5 Charlene books a fishing tour with Salomon Outdoors for herself and four friends at the group discount price ($935=$1875). The tour is scheduled for May 7. Note: Enter debits before credits. Problem 5-2A (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) Salomon Outdoors provides guided fishing tours. The company charges $220 per person but offers a 15% discount to parties of four or more. Consider the following transactions during the month of May. 5). The tour is scheduled for May 7 . payment within 15 days. of no discounts related to number of fish caught. due. May 20 Salomon Outdoors receives the amount owed by Charlene. Required: 1. Record the necessary transaction(s) for Salomon Outdoors on each date. 2. Show how Salomon Outdoors would present net revenues in its income statement. Complete this question by entering your answers in the tabs below. Journal entry worksheet Upon deeper investigation, management of Salomon Outdoors 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 40% of the amount due. Note: Enter debits before credits. Show how Salomon Outdoors would present net revenues in its income statement. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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