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Problem 5-2A (Algo) Record transactions related to credit sales and contra revenues (LO5-1, 5-2) Salcmon Outdoors provides guided fishing tours. The company charges $220 per person but offers a 15% discount to parties of four or more. Consider the following transactions during the month of May. May 2 Charlene books a fishing tour with Eslomon Outdoors for herself and four friends at the group discount prioe ($935=$1875). The tour is scheduled for May 7. May 7 The fishing tour occurs. Balonon outdoors asks that paynent be node within 30 days of the tour and offers a 48 diseount for payaeat within 15 daya. May 9 Charlene is upeet that no one casaht a aingle fiak and ake managenont for a diacount. Ealemon Outdoora han a etriet polioy of no dimeounte related to number of finh caught. May 15 Upon deeper investigation, mansgement of salonon Outdoors discovers that charlene's tour vas led by a new guide who did not take the group to sone of the better fishing spots. In concession, nanapenent offers a sales allevance of 40ot of the anount due. May 20 Salonon Outdoara receives the anount aved by Charlene. Required: 1. Record the necessary transaction(s) for Salomon Outdoors on each date. 2. Show how Salomon Outdocrs would present net revenues in its income statement. Answer is complete but not entirely correct. 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 field. Do not round intermediate calculations, Round your answers to 2 decimal places.) Show how Salomon Outdoors would present net revenues in its income statement. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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