Problem 5-2A (Static) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) 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 7 Pay Charlene Books fishing tour with Outdoor Exps for herself and four friends at the group discount price ($1,200 5). The tir is scheduled for May 7, $240 The fishing the occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a discount for within 15 days Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no disements related to number of fish caught. nay 15 pon deeper investigation, management of outdoor tapo discovers that Charlene's town was led by new pride we did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 30% of the ant Pay 20 Outdoor to receives the anted by Charlene dee Required 1. Recond the necessary transactions) for Outdoor Expo on each date 2. Show how Outdoor Expo would present net revenues in its income statement Complete this question by entering your answers in the tabs below. Record the necessary transaction) for Outdoor Expo on each date. If no entry is required for a partiolar transactiovevent, shut Th Journal Entry Requered in the first account fend. Do not round intermediate salations. Round your answers to 2 decimal places) Journal entry worksheet Charline books a fishing tour with Outdoor Expo for herself and four friends at the grip discount price ($1,200 $240 ) The tour is scheduled for Hay