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Tony and Suzie are ready to expand Great Adventures even further in 2 0 2 5 . Tony believes that many groups in the community
Tony and Suzie are ready to expand Great Adventures even further in 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 oneday events would be for each member of the group to learn the Importance of TEAM Together Everyone Achieves MoreTony knows that most people are not familiar with these types of activities, so to encobrage business he allows groups to participate in the event before paying. He offers a quickpayment discount to those that pay within days after the event. He also guarantees that at least eight hours of outdoor activities will be provided or the customer will receive a discount. For the first six months of the year, the following activities occur for TEAM operations.January of this February Kendall's Boys and Girls Club participates in a oneday TEAM adventure. Normally, Tony would charge a group size $ but he wants to the group only $ Great Adventures provides these services on account. encourage kids to exercise more and enjoy February Great Adventures receives payment from the Boys, and Girls Club for the full amount owed, less the quick the outdoors so he chargesGreat Adventures purchases outdoor miscellaneous equipment for $ cash. gear such as ropes, helmets, harnesses, compasses, and otherpayment discount.March Reynold's Management has its employees participate in a oneday TEAM adventure. Great Adventures provides services on account Great Adventures receives payment from Reynold's for the full amount owed, less the quickpayment$ and Reynold's agrees to pay within discount. for days.Several men from the Elks a TEAM adventure. Great Adventures receives $ March inmediately and the event is scheduled for the followin Lodge decide to participate in The TEAM adventure is held for members of the Elks Lodge. following week. Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account forApril April April May June Required:$ and Myers agrees to pay within days. Myers Manufacturing fails tomonth, note receivable to replace the existing Several MBA groups participate account recel to these groups, with payment due in July. in TEAM adventures. Great t receivable. Adventures provides services on account for $to pay the amount owed within the specified period and agrees to sign a threeConsider the following information as of June Suzie estimates uncollectible accounts to be of accounts receivable from the MBA groups on June Record the adjusting entry
Tony and Suzie are ready to expand Great Adventures even further in 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 oneday events would be for each member of the group to learn the Importance of TEAM Together Everyone Achieves MoreTony knows that most people are not familiar with these types of activities, so to encobrage business he allows groups to participate in the event before paying. He offers a quickpayment discount to those that pay within days after the event. He also guarantees that at least eight hours of outdoor activities will be provided or the customer will receive a discount. For the first six months of the year, the following activities occur for TEAM operations.January of this February Kendall's Boys and Girls Club participates in a oneday TEAM adventure. Normally, Tony would charge a group size $ but he wants to the group only $ Great Adventures provides these services on account. encourage kids to exercise more and enjoy February Great Adventures receives payment from the Boys, and Girls Club for the full amount owed, less the quick the outdoors so he chargesGreat Adventures purchases outdoor miscellaneous equipment for $ cash. gear such as ropes, helmets, harnesses, compasses, and otherpayment discount.March Reynold's Management has its employees participate in a oneday TEAM adventure. Great Adventures provides services on account Great Adventures receives payment from Reynold's for the full amount owed, less the quickpayment$ and Reynold's agrees to pay within discount. for days.Several men from the Elks a TEAM adventure. Great Adventures receives $ March inmediately and the event is scheduled for the followin Lodge decide to participate in The TEAM adventure is held for members of the Elks Lodge. following week. Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on account forApril April April May June Required:$ and Myers agrees to pay within days. Myers Manufacturing fails tomonth, note receivable to replace the existing Several MBA groups participate account recel to these groups, with payment due in July. in TEAM adventures. Great t receivable. Adventures provides services on account for $to pay the amount owed within the specified period and agrees to sign a threeConsider the following information as of June Suzie estimates uncollectible accounts to be of accounts receivable from the MBA groups on June Record the adjusting entry
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