Each journal entry is posted automatically to the general ledger. Accrue one month of interest on the note receivable from Myers Manufacturing. Note payable is due in 2 years. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/e in the first account field.) Journal entry worksheet Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $4,500 cash. Note: Enter debits before credits. payable is due in 2 years. are the journal entries for transactions. (If no entry is required for a particular e first account field.) Journal entry worksheet Record the closing entry for expense accounts. Note: Enter debits before credits. le one month of interest on the note receivable from Myers Manufacturin payable is due in 2 years. are the journal entries for transactions. (If no entry is required for a particular t e first account field.) Journal entry worksheet Record the closing entry for revenue accounts. Note: Enter debits before credits. - Note payadie is aue in years. Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Journal entry worksheet The TEAM adventure is held for members of the Elks Lodge. Note: Enter debits before credits. ccrue one month of interest on the note receivable from Myers Manufacturin ote payable is due in 2 years. repare the journal entries for transactions. (If no entry is required for a particular the first account field.) Journal entry worksheet Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account for $42,000, and Myers agrees to pay within 30 days. Note: Enter debits before credits. Accrue one month of interest on the note receivable from Myers Manufacturing. Note payable is due in 2 years. Prepare the journal entries for transactions. (If no entry is required for a particular transac in the first account field.) Journal entry worksheet 6 7 8 14 Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the 5% quick-payment discount. Note: Enter debits before credits. Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdor will then populate the balances in those accounts from the adjusted trial balance. ccrue one month of interest on the note receivable from Myers Manufacturing. ote payable is due in 2 years. repare the journal entries for transactions. (If no entry is required for a particular trar the first account field.) Journal entry worksheet (8) 14 Reynold's Management has its employees participate in a one-day TEAM adventure. Great Adventures provides services on account for $3,500, and Reynold's agrees to pay within 30 days. Note: Enter debits before credits. Sales Discounts \begin{tabular}{|c|c|c|c|c|} \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 0 \\ \hline 3 & February 28 & 125 & & 125 \\ \hline D 5 & March 27 & 175 & & 300 \\ \hline \end{tabular} Supplies Expense \begin{tabular}{|r|r|r|r|r|} \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,000 \\ \hline \end{tabular} Bad Debt Expense \begin{tabular}{|r|c|r|r|r|} \hline No. & Date & \multicolumn{1}{|c|}{ Deblt } & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 0 \\ \hline 11 & June 30 & 2,150 & & 2,150 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 4,200 \\ \hline \end{tabular} \begin{tabular}{|r||c|c|c|r|} \hline \multicolumn{5}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 27,000 \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|r|} \hline \multicolumn{5}{|c|}{ Interest Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 1,200 \\ \hline \end{tabular} General Joumal Trial Balance Tony and Suzie are ready to expand Great Adventures even further in 2025. Tony believes that many groups in the community (for example, Boys and Girls Clubs, church groups, civic groups, and local businesses) would like to hold one-day 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, compasses, and other miscellaneous equipment for $4,500 cash. February 25 Fendall's Boys and Girls club participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size \$3,000, but he wants to encourage kids to exercipe more and enjoy the outdoors Bo he charges the group only $2,500. Great Adventures provides these services on account. February 28 Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the 51 quick-payment discount. March 19 Reynold's Management has 1 ts employees participate in a one-day TzAM adventure. Great Adventures provides services on account for $3,500, and Reynold's agrees to pay within 30 days. March 27 Great Adventures receives payment from Reynold's for the full amount oved, less the 59 quick-paynent disicount. April 7 Several men from the Elks lodge decide to participate in a TzNM adventure. Great Adventures roceives $7,000 immediately and the event is scheduled for the following week. April 14 The TEMM adventure is held for members of the Elks Lodge. April 30 , Myern Manufacturing partieipates in a TENM adventure. Great Adventures provides services on account for $42,000, and Myers agrees to pay within 30 days. May 31 Myers Manufactoring fails to pay the amount owed within the speeified period and agrees to sign a three-month, 61 note receivable to replace the exiluting account receivable. June 15 Several MBh groups participate in TEAs adventures. Great Adventuren provides services as account for Required: $21,500 to thelle groups, with payment due in July. Consider the following information as of June 30, 2025. - Suzie estimates uncollectible accounts to be 10% of accounts recelvable from the MBA groups on June 15. Record the adjusting entry for uncollectible accounts. - Accrue one month of interest on the note receivable from Myers Manufacturing - Note payable is due in 2 years. Journal entry worksheet 4 6 7 14 Myers Manufacturing fails to pay the amount owed within the specified period and agrees to sign a three-month, 8% note receivable to replace the existing account receivable. Note: Enter debits before credits. ue one month of interest on the note receivable from Myers Manufacturing. payable is due in 2 years. pare the journal entries for transactions. (If no entry is required for a particular tran: he first account field.) Journal entry worksheet Accrue one month of interest on the note receivable from Myers Manufacturing. Note: Enter debits before credits. ccrue one month of interest on the note receivable from Myers Manufacturing. ote payable is due in 2 years. Prepare the journal entries for transactions. (If no entry is required for a particular trar in the first account field.) Journal entry worksheet 14 Suzie estimates uncollectible accounts to be 10% of accounts receivable from the MBA groups on June 15 . Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. crue one month of interest on the note receivable from Myers Manufacturing. te payable is due in 2 years. epare the journal entries for transactions. (If no entry is required for a particular transac the first account field.) Journal entry worksheet (1) 2 (8) ,14 Several men from the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $7,000 immediately and the event is scheduled for the following week. Note: Enter debits before credits. ccrue one month of interest on the note receivable from Myers Manufacturing. lote payable is due in 2 years. repare the journal entries for transactions. (If no entry is required for a particular tran n the first account field.) Journal entry worksheet 8 14 Great Adventures receives payment from Reynold's for the full amount owed, less the 5% quick-payment discount. Note: Enter debits before credits. rue one month of interest on the note receivable from Myers Manufacturing. e payable is due in 2 years. apare the journal entries for transactions. (If no entry is required for a particular transa the first account field.) Journal entry worksheet (1) ,5 7 14 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $21,500 to these groups, with payment due in July. Note: Enter debits before credits. \begin{tabular}{|r|c|r|r|r|} \hline \multicolumn{5}{|c|}{ Equipment } \\ \hline No. & Date & Debit & Credit & \multicolumn{1}{|c|}{ Balance } \\ \hline & & & & 190,000 \\ \hline D 1 & January 24 & 4,500 & & 194,500 \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|r|} \hline \multicolumn{5}{|c|}{ Accumulated Depreciation } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 46,00 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accounts Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 5,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Deferred Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 0 \\ \hline 6 & April 07 & & 7,000 & 7,000 \\ \hline 1 7 & April 14 & 7,000 & & 0 \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|r|} \hline \multicolumn{5}{|c|}{ Notes Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 60,000 \\ \hline \end{tabular} \begin{tabular}{|r|r|r|r|r|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 80,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 94,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 0 \\ \hline & February 25 & & 2,500 & 2,500 \\ \hline D 4 & March 19 & & 3,500 & 6.000 \\ \hline & Apell 14 & & 7.000 & 13,000 \\ \hline a & April 30 & & 42,000 & 55,000 \\ \hline a 10 & June 15 & & 21,500 & 76,500 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|r|r|} \hline \multicolumn{5}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 0 \\ \hline 12 & June 30 & & 280 & 280 \\ \hline \end{tabular} Prepare the journal entries for transactions. (If no entry is required for a particular trans in the first account field.) Journal entry worksheet 45567814 Kendall's Boys and Girls Club participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size $3,000, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $2,500. Great Adventures provides these services on account. Note: Enter debits before credits