Tony and Suzle 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 Ilke 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 aliows 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 elght hours of outdoor activities will be provided or the customer will recelve a 20% discount. For the first six months of the year, the following activities occur for TEAM operations. Fanuary 24 Creat Adventures purchases outdoor gear nuch as ropen, holnots, harnessen, conpassen, and other Biscellaneoun equipment for $5,700 cash. rebruary 25 Xendall's Boya and Girio club participaton in a one-day Taky odventure. Wormally, Tony would eharge a group of thin size 54,200 , bot he wants to escourage Kids to exereine nore and enjoy the outdoors no he chargeo the group only $3,700. Great Adventures providon these norvices on account. Fobruary 2H Great Adventuren receivos payment fron the noys and Girln club for the fall amount oved, less the 41 qulekYorch 27 services on account for $4,700, and Reynold's agrees to pay within 30 days. March 27 Great sdventuren roceiven paysant fron Roynold'in for the full ahount oned, less the 4k quick-payment April 7 Geveral inen trom the Fikk Lodge decide to participate in a tn adventure. Great Mdventurea rocoives $9,200 Ancil is immediately and the ovent in pehoduled for the following wook. Moril is The czeM adventure in held for membere of the zikn Lodge. Kay 31310,800, and Hyers agreen to pay vitain 30 days. Myore Manufacturing tailin to pay the amount owed-within the specified period and agreos to aign a threeJing as anth, 61 note recefvable to roploce the oxinting account recelvable. Required: 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 uncaliectible accounts. + Accue one month of Interest on the note receivable from Myers Manufacturing. will then populate the balances in those accounts from the adjusted trial balance. Post-closing GREAT ADVENTURES, INCORPORATED Tony and Suzle 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 Ilke 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 aliows 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 elght hours of outdoor activities will be provided or the customer will recelve a 20% discount. For the first six months of the year, the following activities occur for TEAM operations. Fanuary 24 Creat Adventures purchases outdoor gear nuch as ropen, holnots, harnessen, conpassen, and other Biscellaneoun equipment for $5,700 cash. rebruary 25 Xendall's Boya and Girio club participaton in a one-day Taky odventure. Wormally, Tony would eharge a group of thin size 54,200 , bot he wants to escourage Kids to exereine nore and enjoy the outdoors no he chargeo the group only $3,700. Great Adventures providon these norvices on account. Fobruary 2H Great Adventuren receivos payment fron the noys and Girln club for the fall amount oved, less the 41 qulekYorch 27 services on account for $4,700, and Reynold's agrees to pay within 30 days. March 27 Great sdventuren roceiven paysant fron Roynold'in for the full ahount oned, less the 4k quick-payment April 7 Geveral inen trom the Fikk Lodge decide to participate in a tn adventure. Great Mdventurea rocoives $9,200 Ancil is immediately and the ovent in pehoduled for the following wook. Moril is The czeM adventure in held for membere of the zikn Lodge. Kay 31310,800, and Hyers agreen to pay vitain 30 days. Myore Manufacturing tailin to pay the amount owed-within the specified period and agreos to aign a threeJing as anth, 61 note recefvable to roploce the oxinting account recelvable. Required: 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 uncaliectible accounts. + Accue one month of Interest on the note receivable from Myers Manufacturing. will then populate the balances in those accounts from the adjusted trial balance. Post-closing GREAT ADVENTURES, INCORPORATED
