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 $120 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May. May 2 Charlene books a fishing tour with Salomon Outdoors for herself and four friends at the eroup discount price (\$54e - \$168 = 5). The tour is scheduled for May 7. May 7 The fishing tour occurs. Salomon Outdoors asks that payment be eade within 30 days of the tour and offers a 5% discount for payment within 15 days. May 9 Charlene is upset that no one caught o single fish and asks management for a discount. Salomon outdoors has a strict policy of no discounts related to number of fish caught. May 15 Upon deeper investigation, managesent 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, monagement offers a sales allawance of 3 as of the amount due. May 20 Salonon Outdoors receives the anount 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. 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 fiefd. Do not round intermediate calculations. Round your answers to 2 decimal places.) 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. Show how Salomon Outdoors would present net revenues in its income statement. (Do not round intermediate calculations. Round your answers to 2 decimal places.)