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Journal entry worksheet Record Rocky's August 5 journal entry for the receipt of payment from wilderness. Note: Enter debits before credits. 1 Record Rocky's July 15 journal entry for revnue from tours given from July 1 to July 15 . 2 Record Rocky's July 31 journal Entry for revenue from tours given from July 16 to July 31 . 3 Record Rocky's August 5 journal entry for the receipt of payment from Wilderness. 4 Record Rocky's August 5 journal entry for any necessary adjustments to revenue. Journal entry worksheet Record Rocky's August 5 journal entry for any necessary adjustments to revenue. Note: Enter debits before credits. Record Rocky's July 31 journal entry for revenue from tours given from July 16 to July 31 . Note: Enter debits before credits. Rocky Guide Service provides guided 1 to 5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead various tours that Widderness sells. Rocky receives $1,200 per tour day, and shortly after the end of each month, Rocky learns whether it will recelve a $120 bonus per tour day it guided during the previous month if its service during that month received an average evaluation of "excellent" by Wilderness customers. The \$1,200 per day and any bonus due are paid in one lump payment shortly after the end of each month. - On July 1, based on prior experience, Rocky estimated there is a 30% 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 df the month, Rocky revised its estimate to an 80% chance it would earn the bonus for all July tours. Rocky also guided customers for 15 days from July 16 to July 31 , - On August 5, Rocky learned it did not recelve an average evaluation of "excellent" for its July tours, so it would not recelve any 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 recelve. Required: 1. Prepare Rocky's July 15 joumal entry to record revenue for tours given from July 1July15. 2. Prepare Rocky's July 31 journat entry to record revenue for tours given from July 16 -July 31. 3. Prepare Rocky's August 5 journal entry to record any necessary adjustments to revenue and receipt of payment from Widerness. Note: If no entry is required on o specific date, select "No journal entry required" in the first account field. Record Rocky's July 15 journal entry for revenue from tours given from July 1 to July 15 . Note: Enter debits before credits