Check my work Rocky Guide Service provides guided 1-5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead various tours that Wilderness sells. Rocky receives $1,300 per tour day, and shortly after the end of each month Rocky learns whether it will receive a $130 bonus per tour day it guided during the previous month if its service during that month received an average evaluation of "excellent" by Wilderness customers. The $1,300 per day and any bonus due are paid in one lump payment shortly after the end of each month. points eBook . On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a total of 10 days from July 1July 15. On July 16, based on Rocky's view that it had provided excellent service during the first part of the month, Rocky revised its estimate to an 90% chance it would earn the bonus for July tours. Rocky also guided customers for 15 days from July 16-July 31. . On 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. Hint Print Rocky bases estimates of variable consideration on the most likely amount it expects to receive. Required: 1. to 3. Prepare the journal entries to record the transactions above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record Rocky's July 15 journal entry to record revenue for tours given from July 1 - July 15. Note: Enter debits before credits. General Journal Credit Date July 15 Debit 23,000 Service revenue 23,000 Record entry Clear entry View general journal Journal entry worksheet 3 4 Record Rocky's July 31 journal entry to record revenue for tours given from July 16 - July 31. Note: Enter debits before credits. Credit Date July 31 General Journal Sales revenue Accounts receivable Debit 23,000 23,000 Record entry Clear entry View general journal Journal entry worksheet