Rocky Guide Service provides gu ded 1-5 day hiking tours throughout the Rocky Mountains Wilderness Tours hires Rocky to lead various tours that Wilderness sells, Rocky receives $2.500 per tour day. and shortly after the end of each month Rocky learns whether it will receive a 5250 bonus per tour day it guided during the previous month tits service during that month received an average evaluation of excellent" by Wilderness customers. The $2.500 per day and any bonus due are paid in one lump payment shortly after the end of each month. On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a total of 10 days from July 1-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 90% chance it would earn the bonus for July tours Rocky also guided customers for 15 days from July 16 July 31. On August 5 Rocky leamed it did not receive an average evaluation of excellent for its July tours, so it would not receive any bonus for July, and received all payment due for the July tours. Rocky bases estimates of variable consideration on the expected value t expects to receive Required: 1. to 3. Prepare the journal entries to record the transactions above (if no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) Answer is not complete. NO Dato General Journal Credit 1 July 15 Accounts receivable Bonus receivable Service revenue OOO Debit 25.000 1,000 26.000 July 31 37,500 Accounts receivablo Bonus focuivable Service rovence SO OS August 05 620 Cosh Accounts ruceivable 8 62.500