Rocky Guide Service provides guided $1-5$ day hiking tours

throughout the Rocky Mountains.$$ Wilderness Tours hires Rocky

to lead various tours that Wilderness sells.$$ Rocky receives

$$1,400$ per tour day, and shortly after the end of each month, Rocky

learns whether it will receive a $$140$ bonus per tour day it guided

during the previous month if its service during that month received

an average evaluation of "excellent" by Wilderness customers.$$

The $$1,400$ 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 that

there is a $20\%$ 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 $70\%$ 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 learned that 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 it expects to receive.$$Required:$1.$ to $3.$ Prepare the journal entries to record

the transactions above.$$