Operation in Year $20$X$3$

On $1$ December $20$X$2$ the Wahyuni Resorts have soft launching and starts to operate. Starting January $20$X$3$ the Wahyuni Resort starts to accept customers advance bookings. They sell packages of tour for family holiday or honeymoon package staying in the resort for $3,5$ and $7$ days. The sales number is very good and many family books the package even $6$ months in advanced. In March $20$X$3,$ Wahyuni Resort accept group tour booking for $7$ family$$s group that would stay for $7$ days in August $20$X$3$ which total

revenue of USD $10,000.$

In July $20$X$3$ there is a major earthquake in the Freelands which make some buildings and tent damaged significantly. Wahyuni Resort need major renovations and the group tour booking need to be cancelled

and the money need to be returned back to the customers.

$1$ December $20$X$9$

After the major Earthquake, the business of Wahyuni Resort is declined as customers are afraid to come and consider the Resort is high risk. After operating for $7$ years, Britania Corporation as the parent of Wahyuni Resort, decided to sell the business. Wahyuni Resort is still operating and produce little profit. Britania Corporation is actively looking for business buyer but until the end of December $20$X$9,$ they have not found an interested buyer.

How does Wahyuni Resort account for the payment of group family booking in $20$X$3?$ Please make the journal entries of the payment including the return of the money after the earthquake.

When the Earthquake hit the Freelands and damaged the facilities, what should Wahyuni resort account for their damage?