Problem $5-2$A $($Algo$)$ Record transactions related to credit sales and contra revenues $($LO$5-1,5-2)$

Salomon Outdoors provides guided fishing tours. The company charges $$150$ 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 with Salomon Outdoors for herself and four friends at the group discount price $($ $$675=$$$1355.$ The tour is scheduled for May $7.$

May $7$ The fishing tour occurs. Salomon Outdoors asks that payment be made wfithin $30$ days of the tour and offers a $5\%$ discount for payment within $15$ days.

May $9$ Charlene is upset that no one caught a single fish and asks management for a discount. Salomon Outdoors has a strict policy of no discounts related to number of fish caught.

May $15$ Upon deeper investigation, management of Salomon Outdoors 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 $40\%$ of the amount due.

May $20$ Salomon Outdoors receives the amount owed by Charlene.

Required:

Record the necessary transaction$($s$)$ for Salomon Outdoors on each date.

Show how Salomon Outdoors would present net revenues in its income statement.