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 $4\%$ 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 $$4,700$ 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 $$3,200,$ but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $$2,700.$ 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 $4\%$ quick$-$payment discount.

March $19$ Reynold's Management has its employees partic March $27$ account for $$3,700,$ and Reynold's agrees to pay within $30$ days.

April $7$ Several men from the Elks payment from Reynold's for the full amount owed, less the $4\%$ quick$-$payment discount.

April $30$ Myers Manufacturing participates $in$

May $31$ Myers agrees $to$ pay within $30$ days.

June $15$ receivable to replace the existing account receivable.

Required: groups, with payment due in July.

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

Suzie estimates uncollectible accounts to be $8\%$ 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 $3$ years.