Required information Great Adventures Problem AP5-1 The following information applies to the questions displayed below 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 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 leam 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 6% 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 e n there , and the Jun. 20 Great Adventure purchased wh LANDE g ett os . DD C . Tel. 25 NE. Tendall's Boy Sest trop participates in of this $4,300, but he wants to c one-day SEX ge kade to ture. Normally. To would charge more and enjoy the outdo o o 20 The Boy Scout trOOP pee the f o unt V LER the gudek- tacount. pate in one-day TEAM adventure Great Adventure participated TEAN adventure. They pay $1,300, and the Nyers Manufacturing participates is TEAM strantus. Great Adventure provides services on account for $6,000, and to pay within 3D daya May 31 Nyere Manuturing fails to pay the amount owed within the specified period and teriga three-month, not able to replace the existing account receivable. Jun. 15 several a group participate in adventure. Great Adventures provides services on account for $28,000 to these groups, with payment dus in July. Great Adventures Problem AP5-1 Part 2 2. Consider the following information as of June 30, 2022. a. Suzie estimates uncollectible accounts to be 5 of accounts receivable which does not include the $6,800 note receivable from Myers Manufacturingl. Prepare the adjusting entry for uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction lit Journal entry worksheet Record adjusting entry for uncollectible accounts Er det before credits Debit Credit General Journal Bad Dot Expense Jun 30, 2002 Record entry Clear entry View general journal b. Accrue one month of interest on the not receivable from Myers Manufacturing of no entry is required for a particular transaction levent, select "No Journal Entry Required in the first account field.) Journal entry worksheet Record the accrued interest revenue. Not: E r debits before credits General Journal Debit Credit Record entry Clear entry View general journal c. Prepare a partial balance sheet showing the net accounts receivable section (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, INC. Partial Balance Sheet June 30, 2022 Account Rec Required information Great Adventures Problem AP5-1 The following information applies to the questions displayed below 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 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 leam 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 6% 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 e n there , and the Jun. 20 Great Adventure purchased wh LANDE g ett os . DD C . Tel. 25 NE. Tendall's Boy Sest trop participates in of this $4,300, but he wants to c one-day SEX ge kade to ture. Normally. To would charge more and enjoy the outdo o o 20 The Boy Scout trOOP pee the f o unt V LER the gudek- tacount. pate in one-day TEAM adventure Great Adventure participated TEAN adventure. They pay $1,300, and the Nyers Manufacturing participates is TEAM strantus. Great Adventure provides services on account for $6,000, and to pay within 3D daya May 31 Nyere Manuturing fails to pay the amount owed within the specified period and teriga three-month, not able to replace the existing account receivable. Jun. 15 several a group participate in adventure. Great Adventures provides services on account for $28,000 to these groups, with payment dus in July. Great Adventures Problem AP5-1 Part 2 2. Consider the following information as of June 30, 2022. a. Suzie estimates uncollectible accounts to be 5 of accounts receivable which does not include the $6,800 note receivable from Myers Manufacturingl. Prepare the adjusting entry for uncollectible accounts. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction lit Journal entry worksheet Record adjusting entry for uncollectible accounts Er det before credits Debit Credit General Journal Bad Dot Expense Jun 30, 2002 Record entry Clear entry View general journal b. Accrue one month of interest on the not receivable from Myers Manufacturing of no entry is required for a particular transaction levent, select "No Journal Entry Required in the first account field.) Journal entry worksheet Record the accrued interest revenue. Not: E r debits before credits General Journal Debit Credit Record entry Clear entry View general journal c. Prepare a partial balance sheet showing the net accounts receivable section (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, INC. Partial Balance Sheet June 30, 2022 Account Rec