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Please explain for the incorrect ones Complete this question by entering your answers in the tabs below. Record the necessary transaction(s) for Brooks Expeditions on

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Please explain for the incorrect ones

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image text in transcribed Complete this question by entering your answers in the tabs below. Record the necessary transaction(s) for Brooks Expeditions 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. Ro your answers to 2 decimal places.) Answer is not complete. Complete this question by entering your answers in the tabs below. 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 provides guided fishing tours. The company charges $240 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 Expeditions for herself and four friends at the group discount price ( $960=$192 5 ). The tour is scheduled for May 7 . May 7 The fishing tour occurs. Brooks Expeditions 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. 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 30% 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Record the necessary transaction(s) for Brooks Expeditions 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.)

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