Tony and Suzie are ready to expand Great Adventures even further in 2025 . Tony believes 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 learn 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 allows 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 receive a 20% discount. For the first six months of the year, the following activities occur for TEAM operations. January 24 Great Adventures purchasen outdoor gear such as ropes, helmets, harnesses, conpasses, and other miscellaneous equipment for $4,600 cash. Fobruary 25 Kendal1's Boys and Girls club participates in a one-day TraM adventure. Normally, Tony would charge a group of this size $3,100, but he wants to encourage kid to exerciae sore and enjoy the outdoors so he charges the group only $2,600. Great Adventures provides these services on account. Pebruary 28 Great Adventuren receiven paynent from the Boys and Girls club for the full amount oved, leas the Yarch 19 Reynold 19 payment discount. provides services on has its employeen participate in a one-day TzAM adventure. Great Adventures March 27 Great Adventures receives payent fron peynold's for the full to pay within 30 days. April payment discount. Aprit 7. Several men from the Elka Lodge decide to participate in a TEAM Adventure. Great Adventurea Apri1 14 The TEAY adventure is held for members of the Fiks Lodge. April 30 Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on May 31 account for $5,600, and Myera agreen to pay within 30 daya. Way 3r there manuracturing tans to pay the amount owed within the specified period and agreen to aign a three-month, 91 note receivable to replace the existing account receivable. June 15 Several MaA groups participate in TRAM adventures. Great Adventuren providen services on account for $22,000 to these groups, with payment due in July. 1. Record TEAM adventure transactions occurring during the first six months of 2025 . (If no entry is required for a particule transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Great Adventures purchases outdoor gear such as ropes, helmets, hamesses, compasses, and other miscellaneous equipment for $4,600 cash. Note: Enter debits before credits
