1 RWP6-1 (Static) Great Adventures Continuing Case (GL) [The following information applies to the questions displayed below] 5 points eBook Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking. rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each dinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $500 each. Print July 17 July 31 August 12 August 22 References Purchased 50 watches for $7,500 ($150 per watch) on account. Sold 40 watches for $20,000 cash. Purchased 40 watches for $6,400 ($160 per watch) cash. Sold 30 watches for $15,000 on account. September 19 Paid for watches purchased on July 17. October 27 September 27 Receive cash of $9,000 for watches sold on account on August 22. Purchased 88 watches for $13,600 ($170 per watch) cash. Sold 90 watches for $45,eee cash. November 20 December 4 December 8 Purchased 100 watches for $18,000 ($180 per watch) on account. Sold 40 watches for $20,000 on account. Great Adventures, Incorporated Accounts Cash Accounts Receivable Trial Balance December 31, 2025 Debit $ 36,770 24,000 Credit $ 2,400 45,000 Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Notes Payable (Long-term) Common Stock Retained Earnings Service Revenue 24,000 2,800 750 14,500 30,000 20,000 33,450 44,500