Outdoor Expo provides guided fishing tours. The company charges $$300$ 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 Outdoor Expo for herself and four friends at the group discount price $($$$1,200=$ $$240\backslash$times $5).$ The tour is scheduled for May $7.$

May $7$ The fishing tour occurs. Outdoor Expo asks that payment be made within $30$ days of the tour and offers a $6\%$ discount for payment within $15$ days.

May $9$ Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught.

May $15$ Upon deeper investigation, management of Outdoor Expo 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 $20$ Outdoor Expo receives the amount owed by Charlene.

Required:

$1.$ Record the necessary transaction$($s$)$ for Outdoor Expo on each date.

$2.$ Show how Outdoor Expo would present net revenues in its income statement.