Required information (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 flag paintball, treasure hunts Scavenger hunts nature Nikes, and so on. The purpose of these ont-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 Jan. 24 Creat Adventure purchases outdoor gear such as ropes, helmets, harnesses compasses, and other miscellaneous quest for 55.000 cash Feb. 25 Nr. Kendall's Boy Scout troop participates in a one-day TEAM adventure. Normally. Tony would charge group of this site $3,500, but he wants to encourage kids to exercise more and enjoy the outdoors so the charges the group only $3,000. Great Adventures provides these services on account. Teb. 28 The Boy Scout troop pays the full not owed, less the 50 quick-payment discount Mar. 19 Reynold's Management has its employees participate in a one-day TEAK adventure. Great Adventures provides services on account for $4.000, and Reynald's grees to pay within 30 days. Mar 27 Reynold's pays the full amount oved, less the 5 quickpayment discount Apr. 7 several mon from the E Lodge decide to partieipate in a TM adventure. They pay $7.500, and the event is scheduled for the following week. Apr. 16 The TEN adventure is held for more of the Elks Lodge. Apr. 30 Nyere manufacturing participates in TEAN adventure Great Adventures provides services on account for 36,000, and Myers agrees to pay within 30 days. May 31 Nyers Manufacturing fails to pay the amount owed within the specified period and agrees to sign a three-month, not receivable to replace the existing account receivable. Jun. 15 Several groupe participate in TEA adventures dreat Adventures provides services account for $24,000 to these groups, with payment doe in July Required: W E RT Y ulo s D F G H J K Answer is not complete. General Journal Debit Credit No 1 Dato Jan 24, 2022 5,000 Equipment Cash 5,000 Feb. 25, 2022 3,000 Accounts Receivable Service Revenue LIET O 3.000 Feb. 28, 2022 3.000 Cash Sales Discounts Accounts Receivable 1503 2,850 X Mar. 19,2022 Accounts Receivable Service Revenue 4,000 5 Mar 27 2022 Cash Sales Discounts Accounts Receivable OO OOO OOO 6 Apr 7, 2022 7.500 Cash Deferred Revenue 7.500 Apr 14.2022 Deferred Revenue Service Revenue 7.500 7,500 2 3 4 5 6 7 8 9 WE RT Y U so F G H
