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January $24$ Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $$4,000$ cash.

February $25$ Kendall$$s Boys and Girls Club participates in a one$-$day TEAM adventure. Normally, Tony would charge a group of this size $$2,500,$ but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $$2,000.$ Great Adventures provides these services on account.

February $28$ Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the $6\%$ quick$-$payment discount.

March $19$ Reynold$$s Management has its employees participate in a one$-$day TEAM adventure. Great Adventures provides services on account for $$3,000,$ and Reynold$$s agrees to pay within $30$ days.

March $27$ Great Adventures receives payment from Reynold's for the full amount owed, less the $6\%$ quick$-$payment discount.

April $7$ Several men from the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $$6,500$ 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 account for $$72,000,$ and Myers agrees to pay within $30$ days.

May $31$ Myers Manufacturing fails to pay the amount owed within the specified period and agrees to sign a three$-$month, $8\%$ note receivable to replace the existing account receivable.

June $15$ Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $$19,000$ to these groups, with payment due in July.

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