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2. Consider the following information as of June 30,2025 , o. Suzie estimates uncollectible accounts to be 10% of accounts recelvable from the MBA groups

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2. Consider the following information as of June 30,2025 , o. Suzie estimates uncollectible accounts to be 10% of accounts recelvable from the MBA groups on June 15, Record the adjusting entry for uncollectible accounts. b. Accrue one month of interest on the note recelvable from Myers Manufacturing. c. Prepare a partial balance sheet showing the net accounts receivable section. Prepare a partial balance sheet showing the net accounts receivable section. (Amounts to be deducted should b a minus sign.) Tony and Suzie are ready to expand Great Adventures even further in 2025. Tony belleves that many groups in the community (for example, Boys and Girls Clubs, church groups, civic groups, and local businesses) would like to hold oneday outings for their members. Groups would engage in outdoor activities such as rock climbing, fishing, capture the flag. paintball, treasure hunts, scavenger hunts, nature hikes, and so on. The purpose of these one-day events would be for each member of the group to learn the importance of TEAM (Together Everyone Achieves More). Tony knows that most people are not familiar with these types of activities, so to encourage business he allows groups to participate in the event before paying. He offers a 5% quick-payment discount to those that pay within 10 days after the event. He also guarantees that at least eight hours of outdoor activities will be provided or the customer will receive a 20% discount. For the first six months of the year, the following activities occur for TEAM operations. January 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, coepasses, and other miscellaneous equipent for $5,000 cash. February 25 Kendall's Heys and Girls Club participates in a one-day TEM adventure. Nermally, Teny would eharife a iscoup of this size $3,500, but he wants to pncourage kids to exercise nore and enjoy the outdoors so he charges the group only $3,000. Great Adventures provides these services on account. February 28 Great Adventures receives payment from the Boys and Girls club for the full anount owed, less the 58 quickpayment discount. March 19 Reynold's Manageent has its employees participate in a one-day IrAM adventure. Gireat Adventures provides services on account for $4,0e0, and Heynold's ogrees to pay within 30 days. March 27 Great Adventures recelves payment from Reynold's for the full amount outed, less the 58 quick-payeent discount. April 7 Several aen froe the Elks Lodge decide to participate in a TEAH adventure, Great Adventures receives $7,500. Imedlately and the event is scheduled for the following week. April 14 The TEAM adventure is held for nembers of the liks lodge. Apri1 30 Myers Manufacturing participates in a TEAH advanture. Great Adventures provides services an account for. $6,000, and Myers agrees to pay within 30 days. May 31 Hyers Manufacturing fails to pay the anount owed within the specified period and agrees to sign a threemonth, 85 note receivable to replace the existing eccount recelvable. June 15 Several MaA groups participate in TEA adventures. Great Adventures provides services on account for $24,000 to these eroups, with poyment due in July. Journal entry worksheet Record adjusting entry for uncollectible accounts. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits

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