Please Write down your formula to get the answer.

Rocky Guide Service provides guided 1-5 day hiking tours throughout the Rocky Mountains. Wildeness Tours hires Rocky to lead various tours that Wilderness sells. Rocky receives $1,500 per tour day, and shortly after the end of each month Rocky learns whether it will receive a $150 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 $1,500 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 * On July 16, based on Rocky's view that it had provided excellent service during the first part of the month, Rocky revised its estimate to an 80% chance it would earn the bonus for July tours. Rocky also guided customers for 15 . days from July 16-July 31 On August 5 Rocky learned it did not receive an average evaluation of "excellent" for its July tours, so it would not . receive any bonus for July, and received all payment due for the July tours. Rocky bases estimates of variable consideration on the most likely amount it expects to 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 transaction list