Journal Entries:

Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $4,800 cash.

Kendalls Boys and Girls Club participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size $3,300, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $2,800. Great Adventures provides these services on account.

Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the 5% quick-payment discount.

Reynolds Management has its employees participate in a one-day TEAM adventure. Great Adventures provides services on account for $3,800, and Reynolds agrees to pay within 30 days.

Great Adventures receives payment from Reynold's for the full amount owed, less the 5% quick-payment discount.

Several men from the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $7,300 immediately and the event is scheduled for the following week.

The TEAM adventure is held for members of the Elks Lodge.

Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account for $5,800, and Myers agrees to pay within 30 days.

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.

Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $23,000 to these groups, with payment due in July.

Required information RWP5-1 (Algo) Great Adventures Continuing Problem [The following information appiles to the questions displayed below] 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 Giris 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 cimbing, fishing, capture the flag. paintbail, 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 leam 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 thot pay within 10 days affer the event. He atso guarantees that at least eight hours of outdoor activities will be provided or the customer will recelve a 205 discount. For the first six months of the year, the following activities occur for TEAM operations, 3amaary 24 oreat Adventures purchases outdoor gear such as ropes, he1nets, harhesses, coeparses, and other miscellaneous equipeent for 14,600cash. Tebruary 25 kendall's foys and 01rls Club participates in a ene-day TENt adventure. Mormally, Toeny mould charge a greup of thls size s3, 300, but he wants to encourase kids to exercise more and enjay the outdoors so he charges the sroup only 32 , aes. Oreat Adventures prowides these services on account. fetruary an Great Adventures recelves payent froe the foys and oirls club for the full aeount med, less the ss quick: March as lieynold's Masagreent has dts esployees partle inate in a on-day. Thy adventure. Oreat Mdventures provides services on account for 13, eeo, and keynold's agrees to pay within 3 a days. March 27 Grrat Adventures recelves payeent from ileynold's for the full amount owed, less the 5x quick-payaent discount. Aprit 7 Several men trom the tiks Lodge decide to participate in a Teat adventure. Great Adventures recelves 57 , seo imedistely and the event is scheduled for the folloutas wrek. Apri1 is The rtas adventure is beld for meabers of the riks lodee. April se Myers Manufacturing particlpates in a TeAl adventure. Great Adventures provides services on account for Moy 31 35, e0e, and pyers egres to pay within 10 days. meers Manufacturing falls to pay the mmont oued within the specified period and agrees to sign a three: month, as pote recelvable to replace the existing account recelvable. June is Severel pes eroups participate in TEAl pdventures. Great Adventures provides services on account for i3, ewe to these groups, with payent due in July. RWP5-1 Part 1 Great Adventures Continuing Problem RWP5-1 Part 1 Great Adventures Continuing Problem Required: 1. Record TEAM adventure transactions occurring during the first six months of 2025. (If no entry is transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $4,800 cash. Note: Enter debits before credits