Business, 03.04.2020 00:54 cookies1164

Outdoor Expo provides guided fishing tours. The company charges $100 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 Outdoor Expo for herself and four friends at the group discount price ($1200 = $240 × 5). The tour is scheduled 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 6% discount for payment within 15 days. 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 30% of the amount due. May 20 Charlene pays for the tour after deducting the sales allowance. Record the necessary transaction(s) for Outdoor Expo on each date.

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Outdoor Expo provides guided fishing tours. The company charges $100 per person but offers a 15% dis...