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Tony and Suzie 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 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 nunts, 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 such as ropes, helmets, harnesses, compasses, and other

miscellaneous equipment for $$4,900$ 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 $$3,400,$ but he wants to encourage kids to exercise more and enjoy the

outdoors so he charges the group only $$2,900.$ 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

March $19,6\%$ quick$-$payment discount.

March $19$ Reynold's Management has its employees participate in a one$-$day TEAM adventure. Great Adventures

March $27$ Grovides services on account for $$3,900,$ and Reynold's agrees to pay within $30$ days.

April $14$ receives $$7,400$ immediately and the event $is$ scheduled $fo$

April $30$ Myers Manufanture $is$ held for members $of$ the Elks Lodge.

April $30$ Myers Manufacturing participates in a TEAM adventure. Great Adventures provides services on

May $31$ account for $$5,900,$ and Myers agrees to pay within $30$ days.

June $15,$ three$-$month, $9\%$ note receivable to replace the existing account receivable.

Consider the following information as of June $30,2025.$

a$.$ Suzie estimates uncollectible accounts to be $5\%$ 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 receivable section.

Complete this question by entering your answers in the tabs below.

Accrue one month of interest on the note receivable from Myers Manufacturing. $($If no entry is required for a particular transaction$/$event$,$

select $"$No Journal Entry Required" in the first account field.$)$

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Consider the following information as of June $30,2025.$

a$.$ Suzie estimates uncollectible accounts to be $5\%$ 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 receivable section.

Complete this question by entering your answers in the tabs below.

Prepare a partial balance sheet showing the net accounts receivable section. $($Amounts to be deducted should be indicated by

a minus sign.$)$

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