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 one$-$day 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 $5\%$ 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 purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous

equipment for $$4,200$ cash.

February $25$ Kendall's Boys and Girls Club participates in a one$-$day TEAM adventure. Normally, Tony would charge a group of

this size $$2,700,$ but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group

only $$2,200.$ Great Adventures provides these services on account.

February $28$ Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the $5\%$ quick$-$

payment discount.

March $19$ Reynold's Management has its employees participate in a one$-$day TEAM adventure. Great Adventures provides

services on account for $$3,200,$ and Reynold's agreeTony 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 one$-$day 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 $5\%$ 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 purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $$4,200$ cash.

February $25$ Kendall$$s Boys and Girls Club participates in a one$-$day TEAM adventure. Normally, Tony would charge a group of this size $$2,700,$ but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $$2,200.$ Great Adventures provides these services on account.

February $28$ Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the $5\%$ quick$-$payment discount.

March $19$ Reynold$$s Management has its employees participate in a one$-$day TEAM adventure. Great Adventures provides services on account for $$3,200,$ and Reynold$$s agrees to pay within $30$ days.

March $27$ Great Adventures receives payment from Reynold's for the full amount owed, less the $5\%$ quick$-$payment discount.

April $7$ Several men from the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $$6,700$ immediately and the event is scheduled for the following week.

April $14$ The TEAM adventure is held for members of the Elks Lodge.

April $30$ Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account for $$60,000,$ and Myers agrees to pay within $30$ days.

May $31$ Myers Manufacturing fails to pay the amount owed within the specified period and agrees to sign a three$-$month, $8\%$ note receivable to replace the existing account receivable.

June $15$ Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $$20,000$ to these groups, with payment due in July.

Required:

Consider the following information as of June $30,2025.$

Suzie estimates uncollectible accounts to be $10\%$ of accounts receivable from the MBA groups on June $15.$ Record the adjusting entry for uncollectible accounts.

Accrue one month of interest on the note receivable from Myers Manufacturing.

Note payable is due in $5$ years.