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please post full answer. i will rate thumbs up if you answer all parts. Tony and Suzie are ready to expand Great Adventures even further
please post full answer. i will rate thumbs up if you answer all parts. 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 Girls Clubs, church groups, clvic 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 Achleves More). Tony knows that most people are not famillar 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 recelve a 20% discount For the first six months of. the year, the following activities occur for TEAM operations: January 24 Great Adventures purchases outdoon gear such as ropes, heleets, harnesses, conpasses, and other miscallaneous equipent for $5,000 cash. February 25 Kendall's boys and oirls club participates in a one-day TEas adventure. Normally, Tony would charge a group of chis size 53 , 50e, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only \$3,eeb. Great Adventures provides these services on account. February 28 Great Adventures receives paysent from the Boys and 6irls club for the full anount owed, less the sk quick-paynent March 19 discount, Reynold's Managenent has its epployees participate in a one-day Teal adventure. Great Adventures provides services on March 27 account for 54 , eee, and Reynold's agrees to pay within 30 days. Apri1 7 Several nen froe the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $7,5p0 imrediately April 14 The TEAM adventure is held for nerbers of the Elks todge. Apri1. 30. Myers Manufacturing participates in a TEAM adventure. Oreat Adventures provides services on account for \$6, ees, and May 31 Myers agraes to pay within 3e days. June 15 receivable to replace the existing acceunt receivable. groups, with paynent due in July. Required: Consider the following information as of June 30,2025 . - Suzie estimates uncollectible occounts to be 10% of accounts recelvable from the MBA groups on June 15. Record the adjusting entry for uncollectible accounts. - Accrue one month of interest on the note receivable from Myers Manufacturing - Note payable is due in 2 years. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the actount balances. 2. Record the adjusting entries in the 'General Joumal' tab
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please post full answer. i will rate thumbs up if you answer all parts.
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