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Served Help nework Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not

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Served Help nework Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compli Problem 5-2A Record transactions related to credit sales and contra revenues (LO5-1, 5-2) [The following information applies to the questions displayed below] Outdoor Expo provides guided fishing tours. The company charges $140 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 (5569 = $1125). The tour is scheduled for May 7. May 7 The fishing tour occurs. Outdoo 1s Charlene and offers discount terms of 6/15, n/38. 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 ses of the amount due. Hayze Charlene pays for the tour after deducting the sales allowance. Expo Problem 5-2A Part 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.) Answer is complete but not entirely correct. Dobit General Journal No Journal Entry Required May 02 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Problem 5-2A Part 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.) Answer is complete but not entirely correct. No General Journal Debit Credit 1 May 02 No Journal Entry Required 2 May 07 560.00 Accounts Receivable Sales Revenue X 560.00 3 May 09 No Journal Entry Required S 4 May 15 168.00 Sales Allowances Accounts Receivable 168.00 5 May 20 Cash Sales Discounts Accounts Receivable 380.24 11.76 % 392.00

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