Rocky Gulde Service provides guided $1$ to $5$ day hiking tours throughout the Rocky Mountalns. Wilderness Tours hires Rocky to lead

varlous tours that Wilderness sells. Rocky recelves $$1,200$ per tour day, and shortly after the end of each month, Rocky learns whether

It will recelve a $$120$ bonus per tour day It gulded during the previous month if its service during that month recelved an average

evaluation of "excellent" by Wilderness customers. The $$1,200$ 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 $30\%$ chance It will earn the bonus for July tours. It gulded a total of

$10$ days from July $1$ to 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 $80\%$ chance It would earn the bonus for July tours. Rocky also gulded customers for $15$ days from July $16$ to July $31.$

On August $5,$ Rocky learned it did not recelve an average evaluation of "excellent" for its July tours, so It would not recelve any

bonus for July, and recelved all payment due for the July tours.

Rocky bases estimates of varlable consideration on the expected value it expects to recelve.

Required:

Prepare Rocky's July $15$ journal entry to record revenue for tours given from July $1-$July $15.$

Prepare Rocky's July $31$ journal entry to record revenue for tours glven from July $16-$July $31.$

Prepare Rocky's August $5$ journal entry to record any necessary adjustments to revenue and recelpt of payment from Wilderness.

Note: If no entry is requlred on a specific date, select $"$No Journal entry requlred" In the first account fleld.

Journal entry worksheet

Record Rocky's July $15$ journal entry for revenue from tours given from July $1$

to July $15.$

Note: Enter debits before credits.