Please help!!

Great Adventures Problem AP5-1 (GL) Jan. Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community for example, Boy Scouts, church groups, civic groups, and local businesses) would like to hold one-day 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 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 event. He also 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. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $4,200 cash. Feb. 25 Mr. Kendall's Boy Scout troop participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size $2,700, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $2,200. Great Adventures provides these services on account. Feb. 28 The Boy Scout troop pays the full amount owed, less the 5% quick-payment discount. Mar. 19 Reynold's Management has its employees participate in a one-day TEAM adventure. Great Adventures provides services on account for $3,200, and Reynold's agrees to pay within 30 days. Mar. 27 Reynold's pays the full amount owed, less the 5% quick-payment discount. Apr. 7 Several men from the Elks Lodge decide to participate in a TEAM adventure. They pay $6,780, and the event is scheduled for the following week. Apr. 14 The TEAM adventure is held for members of the Elks Lodge. Apr. 30 Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account for $60,000, and Myers agrees to pay within 30 days. May 31 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. Jun. 15 several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $20,0ee to these groups, with payment due in July. Consider the following information as of June 30, 2022. Suzie estimates uncollectible accounts to be 10% of accounts receivable (which does not include the $60,000 note receivable from Myers Manufacturing). Prepare the adjusting entry for uncollectible accounts. Accrue one month of interest on the note receivable from Myers Manufacturing. + Cal Recent Geral Lado Trial Balance Income Sant Balance Prepare the journal entries for transactions. (If no entry is required for a particular transaction event, select "No Journs Entry Required in the first accounted) Date Acoount TI Credit NO 1 Dabit 4200 Jan 24 Equipment Cash 4200 Feb 25 2200 Accounts Roas vabi Service Ravenue 2.200 3 Feb 28 Cash 2090 110 Sales Discounts Accounts Receivable 2.2002 4 Mar 19 3.200 Accounts Receivaba Service Revenue 3.200 5 Mar 27 Cash Sales Discounts Accounts Receivable 3.040 150 3.200 6 Apr 07 6.700 Cash Deferred Revenue 6.700 7 Aor 14 6700 Doard Revenue Servio Rovena 5.700 Apr 30 50.000 Accounts Rovabi Service Revenue 60.000 OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO May 31 50.000 Notes Receivable Accounts Receivable 50.000 10 Jun 15 20.000 Account Revab Service Revenue 20.000 11 Jun 30 2000 Bad Debt Expand Alowance for Uncollectible Accounts 2.000 12 Jun 30 400 Interest Receivable Interest Revenue 400 13 Jun 30 Service Rover Interest Raven Retained Earrings 92100 400 92.500 14 Jun 30 2.270 Retained Earrings Bad Debt Expense Sales Discounts 2.000 270 x 0000000 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction let Journal entry worksheet 10 11 12 13 14 Record the closing entry for the revenue accounts. Note: Enter debits before credits Date Credit Jun 30 Account Title Service Revenue Interest Revenue Retained Earnings Debit 92,100 400 92.500 Record entry Clear entry View general Journal Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Joumal Entry Required in the first account field.) View transaction that Journal entry worksheet 10 11 12 13 Record the closing entry for the expense accounts. Note: Enter debits before credits Date Credit Debit 2.270 Jun 30 Account Title Retained Earnings Bad Debt Expense Sales Discounts 2.000 270 Record entry Clear entry View general Journal Post-closing General Ledger Account Cach Debit Accounts Receivable Debit Credit No. Credit Balance A 200 22 2.200 Date Jan 01 Jan 24 Feb 28 Mar 27 AYOT 2.200 2.080 31040 Balance No. Date 47.500 43 3002 Feb 25 45.390 Feb 29 48430 4 Mar 19 55,130 5 Mar 27 8 Ar 20 9 May 31 10 Jun 15 31200 5 6 3.200 6.700 3.200 0 50.000 50.000 50.000 Q 20 000 20.000 Allowance for Unooleobile Accounts Date Debit Credit Notes Receivable Debit Credit No. No. Belange Balance 0 2.000 11 en 30 2.000 May 31 50.000 50.000 Interest Receivable Debit Credit Prepaid Rant Debit Credit No. Date Balance No. Date Balance 2.200 12 en 30 400 Equipment Aboumuisted Depreciation Debit Credit No. Date Debit Credit No. Date Balance 220.000 224200 Balance 52.000 Jan 24 Accounts Payable Debit Credit Interact Payabile Debit Credit No. Date No. Date Balance 6.400 Balance 2.560 Deferred Ravenue Debit Credit Notes Payable Debit Credit No. Date No. Date Balance 0 6.700 Balance 65.000 6 6.700 Apr 07 Apr 14 6.700 Common Stook Debit Credit Ratanad Emning Debit Credit No Date Balance No. Date Balance 92.000 a 13 Jun 30 92.000 106 7100 1992101 195.540 2.270 Bervion Revenue Dabit Credit Interest Revenue Debit Credit No. Date Balance No. Date Balance 2 400 400 12 13 in 30 Jun 30 400 7 8 10 13 Fab 25 Mar 19 Apr 14 Apr 30 An 45 Jun 30 2.200 3.200 6.700 G0.000 20.000 2.200 5.400 12100 72.100 92.100 . Bales Discounts Debit Credit Depreciation Expenca Debit Credit No. Date Balance No. Balance 11.600 Feb 2 Mar 27 Jun 30 110 180 110 270 Suppilec Expenca Debit Credit Balaries Expense Debit Credit No. Date Balance No. Date Balance 30,000 2.300 Bad Dabt Expenso Interest Expense Debit Credit No. Date Debit Creo Balance No. Dete Balance 1.250 2.000 11 14 Jun 30 Jun 30 2.000 0 2.000 Rent Expence Debit Credit Insurance Expenso Debit Credit No. Date No. Date Balance 4.800 Balance 5.000 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Post-closing GREAT ADVENTURES, INC. Trial Balance June 30, 2022 Account Title Credit Debit 55,130 Cash $ Accounts Receivable 20.000 2.000 Allowance for Uncollectible Accounts Notes Receivable 60.000 400 2.200 224,200 52.000 8.400 Interest Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable interest Payable Notes Payable Common Stock Retained Earnings Depreciation Expense Supplies Expense Salaries Expense Interest Expense Rent Expense Insurance Expense 2,550 66.000 92.000 196.940 11,600 2.300 30.000 1,280 4,800 6,000 Total S 417.890$ 417.890 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Adjusted GREAT ADVENTURES, INC. Income Statement For the Period Ended June 30, 2022 Revenue: Service Revenue 92.100 Interest Revenue 400 0 S 92.500 1.260 11.600 Total Revenue Expense: Interest Expense Depreciation Expense Supplies Expense Salaries Expense Rent Expense Insurance Expense Sales Discounts 2.300 OIOIOIOIO 1 1 1 1 11 XI 30.000 4.800 6.000 270 56.230 Total Expense Net Income S 36,270 Trial Balance Balance Sheet > *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. Accrue one month or interest on the note receivable from Myers Manufacturing. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Adjusted GREAT ADVENTURES, INC. Balance Sheet June 30, 2022 Assets Liabilities Current Liabilities: Current Assets: Cash 55,130 Accounts Payable Deferred Revenue 8.400 0 0 0 Accounts Receivable Bol 20.000 20,400 Allowance for Uncollectible Accounts Total Current Liabilities (2.000) 80,000 Notes Receivable 0 0 0 Total Current Assets 113,130 Total Liabilities 26,400 Long-term Assets Equipment 1 > 224,200 Stockholders' Equity Retained Earnings Common Stock 142,980 92,000 0 0 0 234.980 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets S 337,330 S 281,380