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 Giris 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, 50 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 ocur for TEAM operations. January 24 Creat Adventures purchases outdoor gear such as ropes, helnets, harnesses, coapasses, and other nilacellaneous equipenent for $4,100 cash. Pebruary 25 Kendall's Boys and Girls Club partieipates in a one-day TEMM adventure. Normally, Tony would eharge a group of this size $2,600, but he wants to encourage kids to exerciae nore and enjoy the outdoors so be charges the group only $2,100. Great Advestures provides these services on account. Pebruary 28 Great Adventures receives payment from the Boys and Girls club for the fuli anount owed, less the 41 quickMarch 19 payment discount. Reynold's Management has its exployees partieipate in a one-day zray adventure. Great Adveatures provides services on account for $3,100, and Reynold's agrees to pay within 30 days. March 27 Great Adventures receives payment from Reynold's for the full amount oved, less the 4s quick-paynent discount. Apri1 7 Several men fron the siks Lodge deeide to participate in a tieaM adventure. Great Adventures receives $6,600 April 14 imnediately and the event is scheduled for the following week. Nprif 14 The Fus adventure is held for members of the E1ks Lodge. April 30 Myers Ranufacturing partieipates in a reNM adventure. Great hdventures provides services on account for May 31 - $66,000, and Nyers agrees to pay within 30 days. Myers Manufacturing falls to pay the asount owed within the specified period and agrees to sign a threemonth, 61 noto receivable to roplace the existing account receivable. June 15 Several MBa groups participate in Tras adventures. Great Mdventares provides services on account for $19,500 Required: to these groups, with payment due in Joly. Consider the following information as of June 30, 2025. - Suzle estimates uncollectible accounts to be 8% of accounts receivable from the MBA groups of June 15 . Record the adjusting entry for uncollectible accounts. - Accrue one month of interest on the note recelvable from Myers Manufacturing. - Note payable is due in 2 years. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial March 27 Great Adventures receives payment from Reynold's for the full amount owed, leas the 48 quick-payment dincount. April 7 Soveral men from the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $6,600 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 acoount for. $66,000, and Myers agrees to pay within 30 days. Myera Manufacturing fails to pay the anount owed within the specified period and agrees to sign a threemonth, 6 t note receivable to replace the existing account receivable. June 15 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $19,500 to these 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 2 years. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab. 3. Review the adjusted 'Trial Balance' as of June 30,2025 , in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended June 30,2025 , in the 'Income statement' tab. 5. Prepare a classified balance sheet as of June 30,2025 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab. 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 Giris 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, 50 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 ocur for TEAM operations. January 24 Creat Adventures purchases outdoor gear such as ropes, helnets, harnesses, coapasses, and other nilacellaneous equipenent for $4,100 cash. Pebruary 25 Kendall's Boys and Girls Club partieipates in a one-day TEMM adventure. Normally, Tony would eharge a group of this size $2,600, but he wants to encourage kids to exerciae nore and enjoy the outdoors so be charges the group only $2,100. Great Advestures provides these services on account. Pebruary 28 Great Adventures receives payment from the Boys and Girls club for the fuli anount owed, less the 41 quickMarch 19 payment discount. Reynold's Management has its exployees partieipate in a one-day zray adventure. Great Adveatures provides services on account for $3,100, and Reynold's agrees to pay within 30 days. March 27 Great Adventures receives payment from Reynold's for the full amount oved, less the 4s quick-paynent discount. Apri1 7 Several men fron the siks Lodge deeide to participate in a tieaM adventure. Great Adventures receives $6,600 April 14 imnediately and the event is scheduled for the following week. Nprif 14 The Fus adventure is held for members of the E1ks Lodge. April 30 Myers Ranufacturing partieipates in a reNM adventure. Great hdventures provides services on account for May 31 - $66,000, and Nyers agrees to pay within 30 days. Myers Manufacturing falls to pay the asount owed within the specified period and agrees to sign a threemonth, 61 noto receivable to roplace the existing account receivable. June 15 Several MBa groups participate in Tras adventures. Great Mdventares provides services on account for $19,500 Required: to these groups, with payment due in Joly. Consider the following information as of June 30, 2025. - Suzle estimates uncollectible accounts to be 8% of accounts receivable from the MBA groups of June 15 . Record the adjusting entry for uncollectible accounts. - Accrue one month of interest on the note recelvable from Myers Manufacturing. - Note payable is due in 2 years. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial March 27 Great Adventures receives payment from Reynold's for the full amount owed, leas the 48 quick-payment dincount. April 7 Soveral men from the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $6,600 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 acoount for. $66,000, and Myers agrees to pay within 30 days. Myera Manufacturing fails to pay the anount owed within the specified period and agrees to sign a threemonth, 6 t note receivable to replace the existing account receivable. June 15 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $19,500 to these 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 2 years. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab. 3. Review the adjusted 'Trial Balance' as of June 30,2025 , in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended June 30,2025 , in the 'Income statement' tab. 5. Prepare a classified balance sheet as of June 30,2025 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab