example, Boys and Gris Clubs, church groups, chic groups, and local businessesi) would lke lo hold one-dyy oulings for their members. Groups would engage in oudoci activies such as rock clasbing, tithing, captuee the flag. paintbill, treasure hunts. stavehoer hunts, nature hikes, and so on. The purpose of these one day events would be for exch member of the group to learn the importance of TEAM (Together Everyone Actieves More]. Tony knows that most people are not familiar with these types of activtes, so to encourage buriness he allows groups to participate in the event before poying. He offers a 5 s quick paryment dicount to those that pay win thin days after the event. He also guarentees that at least eight hours of outdoor activies will be provided or the customer will teceive a 205s discount. For the first six months of the yeas, the following activities occur for TEAM operations. January-24 Creat Adventiores purchases outdoor gear such as ropes, heleets, humsesses, courpasues, and other niscellantous ebuipant for 35,600 cavh. Narch 10 paynent discount, March 27 services on apcount for 34,690 , and Reynold's agrees to pay uthis 30 dars. discount inediately and the event is schesaled for the following week. April 14 the reak adveoture is teld for ments of the clis Lospe. Woy 38 , toe, and Fyers agreas to pay withan 20 days. Kay as Fyers ranutacturing fasis to pay the asount oved within the specified peried and agrees to alga a three: Pequired: to these groups, atth paraent due in 2aly. Consider the following information as of June 30,2025 : - Sizie estimates uncollectble accounts to be 10b of nccourts recewable from the MeA groups on June is. Aecord the adjusting entry for uncollectible eccounts - Acerue one month of interest on the note refeivable fiom Myors Manufsctuning - Note paryable is due in 4 years. Exh joumal entry is posted butomatkally to the gereral kedger. parment disebost. cinctuint: Aitit 7 may 31 37, ace, and Hyers agrees te pay within ae days. Peculred: to theis greugi, with paytent oue in duly. Contider the felleving intgrmmon at of June 30.2025. - Surie estimates uncoliectiole actounts to be 10n of accounts recteivable from the MaA groupt en Jure 15 . Record the adjusting entry for uncoliectible accounts * Aculue ore month of interest on the note recelvable lnom Myens Manufacturno - Nobe payable a ove in 4 year. war then pogulate the balankes in thote accouma from the odjucted bial bolance. Warch 27 services on accoust for st, disteunt. Neral is Aequired: Comber the ferowivy informalion as of hese 30,2025 entry for uncollectitle ebcounts. 4 Nole paratse a dive in 4 vears. - Surbe estimates uncollecuble accounts to be 10 s of accounts recelvable from the MaA groups on June 15 . Aveord the adjusting entry for uncollecbible accouns - Accrie cne month of interest on the note receivable from Mycrs Manulacturing - Note payable is doe in 4 years Each joumal entry is posted automentically to the general kesyer. scavenget hunts, asture hakes, and so on. The purpose of these one-day events would be for each member of the group to loarn the importance of TEAM (Together Everyone Achieves More) Tony knows that most people are not fomilar with these types of activitios, so to encourage business he atlows groups to parvcipate in the event before psying. Ho offors a 5% quick-payment discount to those that pay within 10 diys after the event. He also guarantees that at least eight hours of outdoor activities wil be provided or the custemer will recelve a 20% discount. For the first six months of the yeac, the following activities occur for TEAM operations. 3unuary 24 Great Adventures purchases outdoor gear such as ropes, helsets, hornestes, coepasses, and other niscellaneous equipatat for $5, 640 cass. February 25 Kendall's Boys and Girls club participates in a one-doy. TEN advasture. Normally, Tony sould charge s grovp of this size 4,100 , but he wants to enceurage kide to exercise more and enjoy the outdoors to he charges February as creat adventures receives payeent fros the boys and alfis clob for the full seount owed, less the ss quick: warch 19 payent disceunt. Reymold's Nahegetent has its enployees participate in a one-day teak adventure. Great Ndventures provides services on acceunt for si, eod, and hernold's agrees to pay within 30 says. Narch 27 Great Adventures recelves payent fron Rovnold's for the fuli ascount eved, less the sx equek-payment Aor11 7 discount: several men trom the E1ks Lodge decide to partieipate in . TEMr adventure. Great Ndventures receives 30,100 imediately and the event is scheduled for the follooring inek. Ner11 14 The reat adventure is held for neabers of the Elks lodge. Apri1 30 st, s00, and Myers aprees to pay within ae days. May 31 June 15 fyers kansfacturing fasis to pay the anowint oned within the specified period and agrees to sign a threemonth, is note reselvable to replace the existing account receivabie. several ma groups participate in Tur adventures. erwat Adventures provides services on account for 127 , eeo Required: to these groups, with payment due in suly. Consider the following information as of June 30,2025. - Sume estimates uncolectible accounts to be tok of accounts receivoble from the MeA groups on June 15. Record the adjusting entry for uncollectible accounts. - Accive one month of interest on the note receivabie from Myers Manufacturing - Note psyable is due in 4 years. Arepare the joumal erefies for transactoons. (II no entry is required fer a particular transaction/event, select "No foumal Entry Requirno" in the fint account field.) Journal entry worksheet 3 4 5 6 7 8 14 Great Adventures purchases culdosr gear such as ropes, helnets, tamessec, composses, and other mivolianeous equipment for \$5,600 cash. Nider: f veer en it befure crebes. pareent ascount. Recuired: Consider the folowng inlormasion w of dure 30,2025. entry for uncoliecteie tocounts - Nobe payable is due in 4 yedrs