omework Saved Problem 5-2A (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) 4 Brooks Expeditions provides guided fishing tours. The company charges $100 per person but offers a 15% discount to parties of four or more. Consider the following transactions during the month of May. May 21 May 7 May 9 Charlene books a fishing tour with Brooks Expeditions for herself and four friends at the group discount price ($425 $85 x 5). The tour is scheduled for May 7, The fishing tour occurs. Brooks Expeditions asks that payment be made within 30 days of the tour and offers a 4% discount for payment within 15 days. Charlene is upset that no one caught a single fish and asks management for a discount. Brooks Expeditions has a strict policy of no discounts related to number of fish caught. May 15 Upon deeper investigation, management of Brooks Expeditions 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. May 20 Brooks Expeditions receives the amount owed by Charlene. 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. Required 1 Required 2 Show how Brooks Expeditions would present net revenues in its Income statement. (Do not round intermediate calculations. Round your answers to 2 decimal places.) BROOKS EXPEDITIONS Partial Income Statement Total four revenues 4 0.09 points Record the necessary transaction(s) for Brooks Expeditions on each date. (If no entry is required for a particular tran select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations. Round your answ places.) View transaction list 01:01:41 Journal entry worksheet < 1 2 3 4 5 Charlene books a fishing tour with Brooks eBook Print References Expeditions for herself and four friends at the group discount price ($425 $85 x 5). The tour is scheduled for May 7. Note: Enter debits before credits. Date May 02 General Journal Debit Credit Clear entry Record entry View general journal Required Required 2 > 4 Record the necessary transaction(s) for Brooks Expeditions on each date. (If no entry is required for a particular transactions select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to places.) 0.09 points 01:01:36 View transaction list Journal entry worksheet eBook Print < 1 2 3 4 5 The fishing tour occurs. Brooks Expeditions asks that payment be made within 30 days of the tour and offers a 4% discount for payment within 15 days. References Note: Enter debits before credits. Date May 07 General Journal Debit Credit Clear entry Record entry View general journal Rectures Required 2 > 4 0.09 points Record the necessary transaction(s) for Brooks Expeditions on each date. (If no entry is required for a particular trans select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answe places.) View transaction list 01:01:33 Journal entry worksheet < 1 2 4 5 eBook Print Charlene is upset that no one caught a single fish and asks management for a discount. Brooks Expeditions has a strict policy of no discounts related to number of fish caught. Note: Enter debits before credits, Date References May 09 General Journal Debit Credit Clear entry Record entry View general journal Roqulda Required 2 > + tz 0.09 points 03 01:01:26 Record the necessary transaction(s) for Brooks Expeditions on each date. (If no entry is required for a particular transaction/ select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to 2 places.) View transaction list Journal entry worksheet < 1 2 3 4 5 eBook Print O References Upon deeper investigation, management of Brooks Expeditions discovers that Charlene's tour was led byla 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. Date May 15 General Journal Debit Credit View general journal Record entry Clear entry Required 2 > + 0.09 points 01:01:22 eBook Print Record the necessary transaction(s) for Brooks Expeditions on each date. (If no entry is required for a particular transaction select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. Round your answers to places.) View transaction list Journal entry worksheet < 1 2 3 4 & Brooks Expeditions receives the amount owed by Charlene. Note: Enter debits before credits. References Date May 201 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 9 its The owed by Charlene. 01:01:17 eBook Print -ferences 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. Required 1 Required 2 Show how Brooks Expeditions would present net revenues in its income statement. (Do not round intermediate calcu Round your answers to 2 decimal places.) BROOKS EXPEDITIONS Partial Income Statement Total tour revenues Net tour revenues