RWP5-1 (Algo) Great Adventures Continuing Problem [The following information applies to the questions displayed below.] Tony and Suzie are ready to expand Great Adventures even further in 2025. Tony belleves that many groups in the community (for example, Boys and Girls Clubs, church groups, civic groups, and local businesses) would like to hold oneday outings for their members. Groups would engage in outdoor activities such as rock climbing. fishing. capture the flag. paintball, treasure hunts, scavenger hunts, nature hikes, and so on. The purpose of these one-day events would be for each member of the group to leam 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 aHows groups to participate in the event before paying. He offers a 6% 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 recelve a 20% discount. For the first six months of the year, the following activities occur for TEAM operations. January 24 Great Adventures purchases outdoor gean such as ropes, helnets, harnesses, compasses, and other miscellaneous equipenent for $4,300 cash. Yebruary 25 Kendal1's boys and Girls Club participates in a one-day TEA4 adventure. Normally, Tony would charge a group of this size $2,800, but he wants to encourage Kids to exercise more and enjoy the outdoors so he charges the group only $2,300. Oreat Adventures provides these services on account. rebruary 28 oreat Adventures rocelves payment from the Doys and Girls club for the full amount owed, less the 6x quiekpayment discount. March 19 Reynold's Management has its employees participate in o one-day TEAM adventure. Great Adventures provides March 27 Services on account for $3,300, and Reynold's agrees to pay within 30 days. Apri1 7 Several men fro the Elks Lodge decide to participate in a TEAM adventurc. Great Adventures recefves $6,800 Apeil 14- imediately and the event is scheduled for the following week. April 14 The TEAM adventure is held for meabers of the Elks Lodge. Ad Adventures provides services on account for Hay 31 Myers Manufacturing fafls to pay the anount owed within the specified period and agrees to sign a threeJune 15 Severol Hat groups participate in TeAM adventures. Great Adventures provides services on account for 520,500 to these groups, with payment due in July. ournal entry worksheet Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $4,300 cash. lote: Enter debits before credits. Kendall's Boys and Girls Club participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size $2,800, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $2,300. Great Adventures provides these services on account. Note: Enter debits before credits. ournal entry worksheet Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the 6% quick-payment discount. Note: Enter debits befde credits. Journal entry worksheet Reynold's Management has its employees participate in a one-day TEAM adventure. Great Adventures provides services on account for $3,300, and Reynold's agrees to pay within 30 days. Note: Enter debits before credits. Journal entry worksheet Great Adventures receives payment from Reynold's for the full amount owed, less the 6% quick-payment discount. Note: Enter debits before credits. Journal entry worksheet
