Outdoor Expo provides guided fishing tours. The company charges $190 per person but offers a 10%...

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Outdoor Expo provides guided fishing tours. The company charges $190 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 vith Outdoor Expo for herself and four friends at the group discount price (S855 $171 x 5). The tour is scbeduled for May 7. May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 4t discount for payment within 15 days. 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 discounta related to number of fish caught. May May 15 Upon deeper investigation, management of Outdoor Expo discovern 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 40 of the amount due. May 20 Charlene pays for the tour after deducting the sales allowance. Problem 5-2A Part 2 2. Show how Outdoor Expo would present net revenues in its income statement. (Round your answers to 2 decimal places.) OUTDOOR EXPO Partial Income Statement Total tour revenues Outdoor Expo provides guided fishing tours. The company charges $190 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 vith Outdoor Expo for herself and four friends at the group discount price (S855 $171 x 5). The tour is scbeduled for May 7. May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 4t discount for payment within 15 days. 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 discounta related to number of fish caught. May May 15 Upon deeper investigation, management of Outdoor Expo discovern 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 40 of the amount due. May 20 Charlene pays for the tour after deducting the sales allowance. Problem 5-2A Part 2 2. Show how Outdoor Expo would present net revenues in its income statement. (Round your answers to 2 decimal places.) OUTDOOR EXPO Partial Income Statement Total tour revenues

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A 1 Partial income statement 2 Total ... View the full answer