1) Post transactions from August 1 through December 31 and adjusting entries on December 31 to T-accounts.

2) Prepare an adjusted trial balance

Tony and Susle graduate from college in May 2021 and begin developing their new business. They begin by offering clines for basic outdoor ces such as Mountin g or kayaking Upon developing customer bose they hold their t verture sces. These sces will involve fourceson tess the race more check the next using combination of keying, moun bong mering, and in the long the plante el Outdoor gear and develop e s course for outdoor enthusiasts On July 2021. Tony and S organize their new companys Corporation Grest Adventures Inc. The ces of Incorporation state that the corporation wilse 37000 shares of common stock for Sench Esch share of stock represents of ownership. Tony and S ewete co-presidents of the company. The following transactions occur from J. y 1hrough December ul Slu c k to Sube Jl Sellise of coon stock to Tony ul. Pud e r Insurance policy for 4. proth) to cover injuries to participants during outdoor clinics ul. 2Pay also scated with Incorporation ul. Purchase office supplies of $1, on account ul Pay for advertising of so to a local newspaper for an upcoming outain binding to be held on July 35. Altands will be charged on the day of the clinic. ul. Purchase mountain bikes, paying $1,50 cash. Jul 15 on the day of the clinic, Great Adventures receives cas of 12 freebies. Tory conducts the mountain biking clinic 22 the cause of the Success of the first s tain biking cline, Tony holds another mountain clinic and the company receives $3,200. 24 Pay to a local radio station for advertising to r emediately. A kayaking clinic will be held on August 10, and attends can pay $20 in advance or $10 on the day of the clinic ul. Great Adventures ruces Cash of $4, in advance from Kayakers for the upcoming Kayak clinic Great Adventures obtains a $33, low interest loan for the company fro the city council, which has recently passed an initiative ancouraging business development related to outdoor activities. The land in the years, and interest is dus each year on July 31. + The company purchase 14 kayaks, paying $23.880 cash. A 10 Tany additional kayakers pay $1,400 ($170 each). In addition to the $4.00 that was paid in advance on July 3, on the day of the clinic. Tony conducts the first kayak clinic. 17 Tony conducts a cond kayak link, and the company receives $11,300 cash 24 Office Supplies of $1,300 parchased on July 4 are paid in full. Sup. To provide better storage of mountain bikes and kayaks when not in the company rents a storage shed for One year, paying 14,200 per month) in advance. sep. 21 Tony conduct a rock c abin clinic. The company receives $13,700 cash. Oct. 17 Tony conducts olunteering clinic. Participants practice how to understand a topographical pradan altimtar, compass, and orient through heavily wooded area. The company receives $18,700 cash Dec Tony decides to hold the company's first adventure race on December 15. Four person teams will race from checkpoint to checkpoint using a combination of mountain bikin kaya ortering trail running and rock climbing skills. The first to in each category to colete all the points in order wins. The try for for each t is . Dec. Tohle organize and promote the race, Tony his college onte, Victor Victor will be paid in Salary for each to that comes in the race. Mis salary will be ad after the race D . The company pays $1.00 to purchase a purwit from a state mark were the race will be held. The amount is recorded as a miscellaneous expense Dec 12 The company purchases racing supplies for $2.00 on cont i ne days. Suties include trophies for the to finishing teams in each category, promotional shirts, Snack Food and drinks for participants, and field workers to prepare the racecourse. Dec 15 The C r uces $21.200 cash total of forty team, and the race is held Dec 15 The Company pays Victor's salary of $2,800 De The y pays dividendo 14.00 12.00 to Tory and $2.0 to Sale). Duc i s soalny. Tony purchased and for $4,400 Tory worse Sue by presin that they t ried. Swale accepts and they t ried! The following in t on relates to yered gentless of December 31, 2020 Depreciation of the mountain bike purchased on July and purchased on August $8.400 SX of the eyes polyurchesed on July 1h expired Four months of the ones renal agreement purchased on September has expres Ole $1800 ofices.pees purchased only $390 min e Interest expense on the $33.000 en ined to the young on August should be recorded Of the $2700 oficing supple purchased on December 12 5140 Feming 9. S en cates that the company Owes $14.400 income taxes Tony and Susle graduate from college in May 2021 and begin developing their new business. They begin by offering clines for basic outdoor ces such as Mountin g or kayaking Upon developing customer bose they hold their t verture sces. These sces will involve fourceson tess the race more check the next using combination of keying, moun bong mering, and in the long the plante el Outdoor gear and develop e s course for outdoor enthusiasts On July 2021. Tony and S organize their new companys Corporation Grest Adventures Inc. The ces of Incorporation state that the corporation wilse 37000 shares of common stock for Sench Esch share of stock represents of ownership. Tony and S ewete co-presidents of the company. The following transactions occur from J. y 1hrough December ul Slu c k to Sube Jl Sellise of coon stock to Tony ul. Pud e r Insurance policy for 4. proth) to cover injuries to participants during outdoor clinics ul. 2Pay also scated with Incorporation ul. Purchase office supplies of $1, on account ul Pay for advertising of so to a local newspaper for an upcoming outain binding to be held on July 35. Altands will be charged on the day of the clinic. ul. Purchase mountain bikes, paying $1,50 cash. Jul 15 on the day of the clinic, Great Adventures receives cas of 12 freebies. Tory conducts the mountain biking clinic 22 the cause of the Success of the first s tain biking cline, Tony holds another mountain clinic and the company receives $3,200. 24 Pay to a local radio station for advertising to r emediately. A kayaking clinic will be held on August 10, and attends can pay $20 in advance or $10 on the day of the clinic ul. Great Adventures ruces Cash of $4, in advance from Kayakers for the upcoming Kayak clinic Great Adventures obtains a $33, low interest loan for the company fro the city council, which has recently passed an initiative ancouraging business development related to outdoor activities. The land in the years, and interest is dus each year on July 31. + The company purchase 14 kayaks, paying $23.880 cash. A 10 Tany additional kayakers pay $1,400 ($170 each). In addition to the $4.00 that was paid in advance on July 3, on the day of the clinic. Tony conducts the first kayak clinic. 17 Tony conducts a cond kayak link, and the company receives $11,300 cash 24 Office Supplies of $1,300 parchased on July 4 are paid in full. Sup. To provide better storage of mountain bikes and kayaks when not in the company rents a storage shed for One year, paying 14,200 per month) in advance. sep. 21 Tony conduct a rock c abin clinic. The company receives $13,700 cash. Oct. 17 Tony conducts olunteering clinic. Participants practice how to understand a topographical pradan altimtar, compass, and orient through heavily wooded area. The company receives $18,700 cash Dec Tony decides to hold the company's first adventure race on December 15. Four person teams will race from checkpoint to checkpoint using a combination of mountain bikin kaya ortering trail running and rock climbing skills. The first to in each category to colete all the points in order wins. The try for for each t is . Dec. Tohle organize and promote the race, Tony his college onte, Victor Victor will be paid in Salary for each to that comes in the race. Mis salary will be ad after the race D . The company pays $1.00 to purchase a purwit from a state mark were the race will be held. The amount is recorded as a miscellaneous expense Dec 12 The company purchases racing supplies for $2.00 on cont i ne days. Suties include trophies for the to finishing teams in each category, promotional shirts, Snack Food and drinks for participants, and field workers to prepare the racecourse. Dec 15 The C r uces $21.200 cash total of forty team, and the race is held Dec 15 The Company pays Victor's salary of $2,800 De The y pays dividendo 14.00 12.00 to Tory and $2.0 to Sale). Duc i s soalny. Tony purchased and for $4,400 Tory worse Sue by presin that they t ried. Swale accepts and they t ried! The following in t on relates to yered gentless of December 31, 2020 Depreciation of the mountain bike purchased on July and purchased on August $8.400 SX of the eyes polyurchesed on July 1h expired Four months of the ones renal agreement purchased on September has expres Ole $1800 ofices.pees purchased only $390 min e Interest expense on the $33.000 en ined to the young on August should be recorded Of the $2700 oficing supple purchased on December 12 5140 Feming 9. S en cates that the company Owes $14.400 income taxes