Rocky Guide Service provides guided 1 to 5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead varlous tours that Widderness sells. Rocky receives \$1,200 per tour day, and shortly after the end of each month, Rocky learns whether it will recelve a $120 bonus per tour doy it guided during the previous month if its service during that month received an average evaluation of "excellent" by Wilderness customers. The $1,200 per day and any bonus due are poid in one lump payment shortly after the end of each month. - On July t bosed on prior experience, Rocky estimoted there is a 30% chance it will earn the bonus for July tours. It guided a fotal of 10 days from July 1 to July 15. - On July 16 , bosed on Rocky's view that it had provided excellent service during the first part of the month, Rocky revised its estimate to an 80% chance it would earn the bonus for July tours. Rocky also guided customers for is days from July 16 to July 31. - On August 5 , Rocky learned it did not recelve an overage evaluation of "excellent" for its July tours, so it would not receive any bomus for July, and recelved all payment due for the July tours. Rocky bases estimates of variable consideration on the expected volue it expects to recelve. Required: 1. Prepare Rockys July 15 journal entry to fecord tevenue for tours given from July 1-July 15 2. Piepore Rocky's July 31 journal entry to record revenue for tours given from July 16 -July 15 . 31 3. Prepare Rocky's August 5 joumal entry to record ony necessary adjustments to revenue and recelpt of payment from Whiderness. Note: if no entry th required on a specific date, select "No journat entry required" in the firat account field