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please correct whichever is wrong. Jan. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $4,600 cash.

please correct whichever is wrong. image text in transcribedimage text in transcribedimage text in transcribed

Jan. 24 Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $4,600 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 $3,100, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $2,600. Great Adventures provides these services on account. Feb. 28 The Boy Scout troop pays the full amount owed, less the 6% 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 $3,600, and Reynold's agrees to pay within 30 days. Mar. 27 Reynold's pays the full amount owed, less the 6% quick-payment discount. Apr. 7 Several men from the Elks Lodge decide to participate in a TEAM adventure. They pay $7,100, 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 $5,600, 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, 9% note receivable to replace the existing account receivable. Jun. 15 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $22,000 to these groups, with payment due in July. No Date General Journal Debit Credit 1 Jan. 24, 2022 4,600 Equipment Cash 4,600 Feb. 25, 2022 2,600 Accounts Receivable Service Revenue 2,600 Feb. 28, 2022 Cash Sales Discounts Accounts Receivable 2,470 130 2,600 Mar. 19, 2022 3,600 Accounts Receivable Service Revenue 3,600 5 Mar. 27, 2022 3,384 Cash Sales Discounts Accounts Receivable 216 3,600 5 Mar. 27, 2022 Cash Sales Discounts Accounts Receivable 3,384 216 3,600 6 Apr. 7, 2022 7,100 Cash Service Revenue 7,100 7 Apr. 14, 2022 7,100 Service Revenue Cash 7,100 8 Apr. 30, 2022 5,600 Service Revenue Accounts Receivable 5,600 9 May 31, 2022 5,600 Notes Receivable Accounts Receivable 5,600 10 22,000 Jun. 15, 2022 | Accounts Receivable Service Revenue 22,000

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