4. Rocky Guide Service provides guided 1-5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead various tours that Wildeness sells. Rocky receives $1,800 per tour day, and shortly after the end of each month Rocky learns whether it will receive a $180 bonus per tour day it guided during the previous month it its service during that month received an average evaluation of "excellent" by Wilderness customers. The S1.800 per day and any bonus due are paid in one lump payment shortly after the end of each month. On July 1, based on prior experience, Rocky estimated there is a 30% chance it will earn the bonus for July tours. It guided a total of 10 days from July 1-July 15. . 16, based on Rocky's view that it had provided excellent service during the first part of the month, Rocky rev for July tours. Rocky also guided customers for 15 days from July 16-July 31. ised its estimate to an 80% chance it would earn the bonus August 5 Rocky learned it did not receive an average evaluation of "excellent" for its July tours, so it would not receive any bonus for July, and received all payment due for the July tours. Rocky bases estimates of variable consideration on the most likely amount it expects to receive. Required: Prepare the journal entries to record the transactions above