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Required Information [The following information applies to the questions displayed below.) Outdoor Expo provides guided fishing tours. The company charges $200 per person but offers

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Required Information [The following information applies to the questions displayed below.) Outdoor Expo provides guided fishing tours. The company charges $200 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 finhing tour with Outdoor Expo for herself and four friends at the group discount price ($900 - $180 * 5). The tour is scheduled for May 7. May 7 The fishing tour occurs. Outdoor Expo anks that payment be made within 30 days of the tour and offers a 50 discount for payment within 15 days. (Hint the price of the tour in the group discount price mentioned above. 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 quide who did not take the group to some of the better fahing spots. In concession, management offers a sales allowance of 40% of the amount due. May 20 Charlene pays for the tour after deducting the sales allowance. (Hint: Did Charlene pay within the discount period? If so, tdoor Expo recorde a sales discount when it receive cash from Charlene. The discount would be computed on the amount Charlene owed after the sales allowance is granted on May 15. Enter the amount of sales discount with two decimal places to... 511.52). 1 Required: 1. Record the necessary transaction(s) for Outdoor Expo on each date. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places.)

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