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4 2. - You received partial credit in the previous attempt. Complete this question by entering your answers in the tabs below. Accrue one month of interest on the note recelvable from Myers Manufacturing. (If no entry is required for a particu select "No Journal Entry Required" in the first account field.) outdoors so he charges the group only $3,300. Great Adventures provides these services on account. February 28 Great Adventures receiven payment from the Boya and Girls club for the full amount owed, less the 5 t quick-payment discount. March 19 Reynold'm Management han ita employeen participate in a one-day TEAM adventure. Great Adventures March 27 providea services on aceount for 54,300 , and Reynold'n agrees to pay within 30 daya . Karch 27 Great Adventures receives payment from Reynold'a for the ful1 amount owed, less the 51 quiek- Apri1 7 Several men from the 81kn Lodge decide to participate in a TraM adventure. Great Adventuren April- receives $7,800 immediately and the event is scheduled for the following week. Aprit 14 The TENM adventure is held for membera of the Blks Lodge. April jo Myern Manufacturing participates in a TENM adventure. Great Mdventuren providen aervices on May 31 Myers Manufacturing fails to pay the amount owed within the apeeified period and agrees to aign a three-month, 8 s note receivable to replace the existing account receivable. June 15 Several Man groups participate 3n TENM adventures, Great Mdventures provides services on account for $25,500 to these groups, wilh payment due in July. RWP5-1 Part 2 Great Adventures Continuing Problem 2. Consider the following information as of June 30,2025. a. Suzie estimates uncollectible accounts to be 10% of accounts receivable from the MBA groups on June 15. Record the adjusting entry for uncollectible accounts. b. Accrue one month of interest on the note receivable from Myers Manufacturing. c. Prepare a partial balance sheet showing the net accounts recelvable section. 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 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 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 5% 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 parchases outdgor gear nuch as ropes, helmets, harnesses, conpasses, and other miscellaneous equipment for $5,100 cash. February 25 Kendal1's Boys and Girls club participates in a one-day TEAM adventure. Normally, Tony would charge a group of this nize $3,800, but he wants to encourage kids to exercine more and enjoy the outdoor so be charges the group only $3,300. Great Adventuren provides thene services on account. February 28 Great Adventuren receiven payment from the Boys and Girlil club for the full amount owed, less the March 19 Reynold'n Management hant. Aprit 7 payment discount. Aprit 7. Sevoral men from the \&iks Lodge decide to participate in a TEAM adventure. Greje Apri1.14 The TEMM adventure in held for member of the Elks Lodge. Hpril 30 Myerz Mazufaeturlng participated in a TEMM adventure. Great Niventures providea zervicea on acootnt for 56,300 , and Wyera agrees to pay within 30 days. 4 2. - You received partial credit in the previous attempt. Complete this question by entering your answers in the tabs below. Accrue one month of interest on the note recelvable from Myers Manufacturing. (If no entry is required for a particu select "No Journal Entry Required" in the first account field.) outdoors so he charges the group only $3,300. Great Adventures provides these services on account. February 28 Great Adventures receiven payment from the Boya and Girls club for the full amount owed, less the 5 t quick-payment discount. March 19 Reynold'm Management han ita employeen participate in a one-day TEAM adventure. Great Adventures March 27 providea services on aceount for 54,300 , and Reynold'n agrees to pay within 30 daya . Karch 27 Great Adventures receives payment from Reynold'a for the ful1 amount owed, less the 51 quiek- Apri1 7 Several men from the 81kn Lodge decide to participate in a TraM adventure. Great Adventuren April- receives $7,800 immediately and the event is scheduled for the following week. Aprit 14 The TENM adventure is held for membera of the Blks Lodge. April jo Myern Manufacturing participates in a TENM adventure. Great Mdventuren providen aervices on May 31 Myers Manufacturing fails to pay the amount owed within the apeeified period and agrees to aign a three-month, 8 s note receivable to replace the existing account receivable. June 15 Several Man groups participate 3n TENM adventures, Great Mdventures provides services on account for $25,500 to these groups, wilh payment due in July. RWP5-1 Part 2 Great Adventures Continuing Problem 2. Consider the following information as of June 30,2025. a. Suzie estimates uncollectible accounts to be 10% of accounts receivable from the MBA groups on June 15. Record the adjusting entry for uncollectible accounts. b. Accrue one month of interest on the note receivable from Myers Manufacturing. c. Prepare a partial balance sheet showing the net accounts recelvable section. 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 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 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 5% 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 parchases outdgor gear nuch as ropes, helmets, harnesses, conpasses, and other miscellaneous equipment for $5,100 cash. February 25 Kendal1's Boys and Girls club participates in a one-day TEAM adventure. Normally, Tony would charge a group of this nize $3,800, but he wants to encourage kids to exercine more and enjoy the outdoor so be charges the group only $3,300. Great Adventuren provides thene services on account. February 28 Great Adventuren receiven payment from the Boys and Girlil club for the full amount owed, less the March 19 Reynold'n Management hant. Aprit 7 payment discount. Aprit 7. Sevoral men from the \&iks Lodge decide to participate in a TEAM adventure. Greje Apri1.14 The TEMM adventure in held for member of the Elks Lodge. Hpril 30 Myerz Mazufaeturlng participated in a TEMM adventure. Great Niventures providea zervicea on acootnt for 56,300 , and Wyera agrees to pay within 30 days