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Tony and Suzie are ready to expand Great Adventures even further in 2025. Tony belleves that many groups in the community (for example, Boys and

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Tony and Suzie are ready to expand Great Adventures even further in 2025. Tony belleves 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, 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 purchases outdoor gear sueb as ropes, helnets, harnesses, conpasseo, and other miscellaneous equipent for $4,600 canh. February 25 Kendall' a Boys and Girli club partieipates in a one-day TEAM adventure. Normally, fony would charge a group of this aize 53,100 , but he wants to encourage kids to exereiso more and enjoy the outdoors so be charges the group only 52,600 . Great Adventures provides these services on account. rebruary 28 Great Adventures recelvee payment fron the Boya and Girls club for the full amount owed, less the 6t quickMareh 19 payment dincount. Meynold': Managenent has Ita exployees partieipate in a one-day zwaM adventure, Great Adventures provides Mareh 27 servicen on account for $3,600, and Reynold' a agrees to pay vithin 30 daya. Mareh 27 Great Adventurea receiven paymont fron heynold'n for the foll asount oved, leas the 61 quick-paynent Apri1? Several nen trom the Elka Lodge decide to partieipate in a TENh adventure. Great Adventuren receives 67,100 April 14 The Tiately and the event is scheduled for the following The Ape Apri1 10 Hyern Manutacturing partieipaten in a TrNt adventure. Great Adventuren provides services on account for May 31 Hyers Manufacturing failn to pay the anoust oved vithin the opecified period and agrees to algn a threeJune 15 month, 61 note recelvable to replace the existiog accoust recelvable. Required: Consider the following information as of June 30,2025. - Suzie estimates uncollectible accounts to be 5% of accounts recelvable from the MBA groups on June 15. Record the adjusting entry for uncollectible accounts - Accrue one month of interest on the note recelvable from Myers Manufacturing. June 15 Several MBA groups partieipate in TEAM adventures. Great Adventures provides services on account for \$22,000 Required: to these groups, with payment due in July. Consider the following information as of June 30,2025. - Suzie estimates uncollectible accounts to be 5% 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 4 years. Answer is not complete. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-elosing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs

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