Question: please help with the genral jpurnal 1-14, the income statement, and balance sheet. Tony and Suzie are ready to expand Great Adventures even further in

please help with the genral jpurnal 1-14, the income statement, and balance sheet.
please help with the genral jpurnal 1-14, the income statement, and balance
sheet. 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
hunts, scavenger hunts, nature hikes, and so on. The purpose of these

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 hunts, 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 5% quick-payment discount to those that pay within 10 days after the event. He also guarantees that at least teight hours of outdoor activities will be provided or the customer will recelve 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 tor $5,600 cash. February 25 Kendall's Boys and Girls Club partioipates in a one-day Tram adventure. Mormally, Tony would charge a group of this size $4,100, but be wants to encourage kids to exereise more and enjoy the outdoors so he charges the group only $3,600. Great Adventures provides these servicen on account. Tebruary 28 Great Adventures receives payment from the boys and Girls club for the full amount owed, less the 58 quickMarch 19 payment discount. Reynold's Management has its employees partioipato in a one-day TEMA adventure. Great Adventures provides services on account for $4,600, and Reynold's agrees to pay within 30 days. March 27 Great Adventures receives paynent from Reysold's for the full anount owed, 1ess the 5s quick-payment Apri1 7 April 14 April 30 May 31 June 15 discount. Several nen from the z1ka Lodqe decide to participate in a TKAM adventure. Great Adventures receives $8,100 immediately and the event is scheduled for the following week. The TEMh adventure is held for nembers of the rlkin todge. Myers Manufacturing partieipates in a TEAM adventure. Great Adventures provides services on account for $7,800, and Myers agrees to pay within 30 days. Hyors Manufacturing fails to pay the amount owed within the specified period and agrees to sign a threemonth, 8 note receivable to replace the existing account receivable. Several MDA groups participate in TzAM adventures. Great kdventures provides services on aceount for $27,000 to these groups, with paynent due in Ju1y. Reynold's Management has its employees participate in a one-day TEAM adventure. Great Adventures provides services on account for $4,600, and Reynold's agrees to pay within 30 days. Great Adventures receives payment from Reynold's for the full amount owed, less the 5% quick-payment discount. Several men from the Elks Lodge decide to participate in a TEAM adventure. Great Adventures receives $8,100 immediately and the event is scheduled for the following week. The TEAM adventure is held for members of the Elks Lodge. Great Adventures purchases outdoor gear such as ropes, helmets, harnesses, compasses, and other miscellaneous equipment for $5,600 cash. Kendall's Boys and Girls Club participates in a one-day TEAM adventure. Normally, Tony would charge a group of this size $4,100, but he wants to encourage kids to exercise more and enjoy the outdoors so he charges the group only $3,600. Great Adventures provides these services on account. 3 Great Adventures receives payment from the Boys and Girls Club for the full amount owed, less the 5% quickpayment discount. 4 Revnnld'c Mananement hac itc emnlnveec nartirinate in a Vote : O= journal entry has been entered Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. 10 Several MBA groups participate in TEAM adventures. Great Adventures provides services on account for $27,000 to these groups, with payment due in July. 11 Suzie estimates uncollectible accounts to be 10% of accounts receivable from the MBA groups on June 15 . Record the adjusting entry for uncollectible accounts. 12 Accrue one month of interest on the note receivable from Myers Manufacturing. 13 Record the closing entry for revenue accounts. 14 Record the closing entry for expense accounts. Note : = journal entry has been entered Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance

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