need income statement and balance sheet. also whether or not those accounts are unadjusted, adjusted, or post closing.
RWP5-1 (Static) Great Adventures Continuing Problem (GL) 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 oneeday 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 aliows 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 aso 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, helacts, harnesses, compasses, And other miscellaneous equipeerit, for 55,000 cash. February 25 Kendall's soys and Glels Club partielpates in a one iday Thear adventure. Normally, Fony would charge a geoup of this size \$3,500, but he wants to encourage klds to exercise mare and enjoy the outdoor: so he eharges ehe group only $3,000. Great Adventures provides these Lervices on account. February 28 Great Adventures recelves payment fron the loys and bthit club for the full anount owed. 1oss the 58 quick-paynent discount. March 19 Reyoold"s Manogement has its enployees participat in a one day rifing adventure. Gireat adientures provides services on March 27. Great Adventures recelves poynent fron Reynold for the foli onount owed. less the stiguick paynect discount, Apri1 14 . The TEM adventure is held for nembers of the Eaks Loige. April 30 Pyers Kanufacturlng pertiefpates in a TeAM adventure, Great adventure: provides services lon secount for se, eov, and May 31 Myers agrees to pay within 30 days. groups, with paynent due in zuly. Required: Consider the following information as of June 30,2025 - Suzie estimates uncollectible accounts to be to\% of accounts receivable from the MzA groups an 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 inz years. Choose the appropriate accounts to complete the company's incorne statement. Select 'adjusted' from the dropdown will then populate the balances in those accounts from the adjusted trial balance. Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the drc will then populate the balances in those accounts from the adjusted trial balance
