urgent!! please fill in slots. will thumbs up if correct.
Rocky Guide Service provides guided 1 to 5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead various tours that Wildemess sells. Rocky recelves $2,000 per tour day, and shortly after the end of each month, Rocky learns whether it will receive a $200 bonus per tour day it guided during the previous month if its service during that month recelved an avejage the end of each month. - On July 1, based on prior experience, Rocky estimated there is a 20% chance it will earn the bonus for July tours, it guided a total of 10 days from July 1 to July 15 - On July 16, based on Rocky's view that it had provided excellent service during the first part of the month, Rocky revised its estimate to an 70% chance it would earn the bonus for all July tours. Rocky also guided customers for 15 days from July 16 to July 31 . bonus for July, and recelved all payment due for the July tours. Rocky bases estimates of variable consideration on the most likely amount it expects to receive. Required: 1. Prepare Rocky's July 15 journal entry to record revenue for tours given from July 1-July 15 , 2. Prepare Rocky's July 31 joumal entry to record revenue for tours given from July 16 -July 31 3. Prepare Rocky's August 5 joumal entry to record any necessary adjustments to revenue and receipt of payment from Widemess. Note: If no entry is required on a specific date, select "No journal entry required" in the first account field. Journal entry worksheet Record Rocky's July 15 joumal entry for revenue from tours given from July 1 to July 15. Note: Enter deblts before credits. Journal entry worksheet 4 Record Rocky's July 31 journal entry for revenue from tours given from July 16 to July 31. Note: Enter debits before credits. Journal entry worksheet Record Rocky's August 5 journal entry for the receipt of payment from Wilderness. Note: Enter debits before credits. Journal entry worksheet 2 Record Rocky's August 5 journal entry for any necessary adjustments to revenue. Note: Enter debits before credits