need journal entries

Tony and Suzie are ready to expand Great Adventures even further in 2025 . Tony belleves that many groups in the community for example. Boys and Giris Clubs, church groups, civic groups, and local businesses) would like to hold one-day outings for theif members. Groups would engage in outdoor activities such as rock climbing, fishing. capture the flag, paintballi, 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 khows that inost people are not lamilar 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 evertif He also guarantees that at least eight hours of outdoor activities will be provided or the customer will recelve a 20 s discount. For the first six months of the year, the following activities occur for TEAM operations. Jahuary 24 Ereat adventures purchsses outdoor gear such as ropes, heloets, harneifses, liforpasses, and other miscemianeous equipnent: for $5,000cosh. size 53,500, but he wants to encourage kids to exercise wore and enfoy ithe guthars so he chargesilithe erroup omly 53.006. 9reat Adventures provides these kervicel on occeunt. discount. account for 54,050 , and fignold's agrees to pay Mithin se doys. April 7 Several nen fran the Eliks Codge decide to participate in a Tewil adventure. Grieat Adveatures recelves 87.580 innedietely apri1 14 The TEay adventure is held for nenters of the fiks todee. April 30 Wyers Manufecturing participates in a TEah adventure. Great Afvertures prowides services an accoont for 56 , bee, and hoy is Pyers Manufecturine fails to pay the anount oued ulthin the opecified period and ascees to sign a theneefinoth. as note recelvable to reploce the existine accoint receivable. grouph, with peysent tue in 2uly. Required: Canvides the following information as of June 30. 2025. - Sucie entimates uncollectibie accounts to be 10si of accounts receivable from the MeA groyps on itine 15 Record the adjusting. entry foe uncoliectible accounts. - Accue one month of interest on the note recelvable from Myers Manufactuting'. - Note payable ir due in 2 years