Please answer both questions. if your unsure, please don't make an attempt. Thank you for your help

Rocky Guade Service provides guided 1 to 5 day hiking tours throughout the Rocky Mountains Widerness Tours hires Rocky to lead various tours that Widerness selis. Rocky recelves $2100 per tour day, and shorthy ofter the end of each month. Rocky learns whether is will recelve a $210 bonus per tour day it guided during the prevlous month if iks service during that month received an average evoluavon of "excellent" by Whderness customers. The \$2,100 per day and ony bonus due are paid in one lump payment shortly after the end of each momh - On July 1 based on prior expenence, Rocky estimated there is a 30% chance a wili earn the bonus for July tours it guded a total of 10 days from July 1 to July 15 - On July 16 , based on Rocky's view that in had provided excellent service dung the first part of the month. Rocky revised its estimate io an BOx chance is would earn the bonus for all Juty tours. Rocky also guided customers for 15 deys from July 16 to July 31 - On August 5, Rocky leamed it did not recelve an average evaluabon of "excellent" for its July tours, so it would not receive any bonus for July, and recelved ali payment due for the July tours Rocky bases estimates of varioble consideration on the most inkely amount it expects to recelve Required: 1. Prepare Rocky's July 15 joumal enscy to record revenue for cours given from July 1-July 15 2. Prepare Rocky's Jusy 31 journal entry to record revenue for tours given from July 16 -July 31 3. Prepare Rocicy's August 5 joumal entry to record any necessary adjustenents to revenae and receipt of payment from Widderness. Note: if no entry is required on o specific date, select "No journel entry required" in the first occount field. Journal entry worksheet 234 Record Rocky's Jily 15 journal entry for reverue from tours given from buly 1 to July 15 . Rocky bases estimates of varlable consideration on the most likely amount it expects to recelve. Required: 1. Prepare Rocky's July 15 journal entry to record revenue for tours given from July 1-July 15. 2. Prepare Rocky's July 31 journal entry to record revenue for tours given from July 16 - July 31 3. Prepare Rocky's August 5 journal entry to record any necessary adjustments to revenue and receipt of payment from Wilderness Note: If no entry is required on a specific date, select "No journal entry required" In the first account field. Journal entry worksheet Record Rocky's July 31 journal entry for revenue from tours given from July 16 to July 31 . Notei Enter debits before credits. - On July 2 based on prior experience, Rocky estimated there 15030% chance it will earn the bonus for July tours, it guided a total of 10 days from July 1 to July 15 - On July 16, based on Rocky's view that it had provided excellent service durng the first part of the month, Rocky revised its estimate to an 80% chance would earn the bonus for all July tours. Rocky also guided customers for 15 days from. July 16 to July 31 . - On August 5, Rocky leamed it did not recelve an average evaluation of "excellent" for its July tours, so it would not receive any bonus for July, and recelved all payment due for the July tours Rocky bases estimates of varlable consideraton on the most thely amount it expects to recene. Required: 1. Prepare Rocky's July 15 journal entry to record revenue for tours given from July 1-July 15 2. Prepare Rocky's July 31 journal entry to record revenue for tours given from July 16july; 3. Prepare Rocky's August 5 journal entry to record any necessary adjustments to revenue and recelpt of payment from Wilderness Note: if no entry is required on o specific date, select "No journol entry required" in the first occount field. Journal entry worksheet Recoed Rocky's A ugust 5 joumal entry for the receipt of payment from widerness: hota: Cmter debits befere vedas: - On July 1 , based on prior experience, Rocky estamated there is a 30% chance it will earn the bonus for July tours, it guided a total of 10 days from July 1 to July 15 - On July 16 , based on Rocky's view that it had provided excellent service during the first part of the month. Rocky revised its estimate to an 80% chance it would earn the bonus for all July tours. Rocky also guided customers for 15 days from July 16 to Juily 31. - On August 5, Rocky leamed it did not recelve an averoge evaluation of "excellent" for its July tours, so it would not recelve any bonus for July, and recelved all payment due for the July tours Rocky bases estimates of variable consideration on the most likely amount it expects to recelve. Required: 1. Prepare Rocky's July 15 journal entry to record revenue for tours given from July 1 -July 15 2. Prepare Rocky's July 31 journal entry to record revenue for tours given from July 16 - July 31. 3. Prepare Rocky's August 5 journal entry to record any necessary adjustments to revenue and receipt of payment from Wilderness. Note: If no entry is required on o speciflc date, select "No journal entry required" In the flist account field. Journal entry worksheet Record Rocky's August 5 joumal entry for any neccessary adjustments to revenue. Notei Enter dabits before crebes