mework Help Save & Exit Subm Check my work Exercise 6-10 (Algo) Variable consideration - most likely amount; change in estimate (L06-3, 6-6] Rocky Guide Service provides guided 1-5 day hiking tours throughout the Rocky Mountains Wilderness Tours hires Rocky to lead various tours that Wilderness sets Rocky receives $1300 per tour day, and shortly after the end of each month Rocky learn whether it will receive a 5130 bonus per tour day it quided during the previous month service during the month received an average evaluation of excellent by Wilderness customers. The $1300 per day and any bonus de repard in one lume payment shortly after the end of each month On July 1, based on prior experience Rockystated there is a chance wil eam the bonus for you i guided a total of 30 days from July - 15 . On July 16. based on Rocky view that it had provided excellent service during the first part of the month Rocky revised its estimate to an 90% chance would come bonus for all July tours Rocky also guided customers for 15 days from July 16-yat . On August 5 Rocky Seamed it did not receive an average evaluation of excelent" for its July tours, so it would not receive any bonus for July and received all payment due for the Holy tour Rocky bases estimates of variable consideration on the most likely amount expects receive Required: 1. to 3. Prepare the journal entries to record the transactions above if no entry is required for a transaction levent, select "No journal entry required in the first account field) View transactit 9:15 PM 1121 3 3 Help Save & E Submit Check my work Journal entry worksheet Record Rocky's July 31 journal entry to record revenue for tours given from July 16 - July 31. Note: Enter debits before credits General Journal Debit Credit Date July 31 Record entry Clear entry View general journal Help Seve Ek Sub Check my wulk Journal entry worksheet 2 4 Record Rocky's August 5 journal entry to record the receipt of payment from Wilderness. Note: Enter debits before credits General Journal Debit Credit Date August 05 Record entry Clear entry View general journal 43F icon=contenol browser Ounch21AX.25252Father.black amework Saved Help Seve Check my werk Journal entry worksheet