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Some additional clarifications:
The credits on the chronicle sheets are based on the party finding / acquiring all of the possible loot during a scenario, pulling it together, selling it, then dividing the total equally among the party based on the party size that the scenario is written for.
With this in mind, each encounter has an amount of credits to subtract from the amount granted on the chronicle sheet should the players fail to overcome an encounter. This subtraction is only for failing an encounter that has rewards. If the party circumvents or creatively completes an encounter the Society Guides have language that specifies that the party 'finds' equivalent loot elsewhere.
This is also true for gold in Pathfinder Society scenarios.
I hope that this helps.