clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams that race from one checkpoint to the next using a combination of kayaking, mountain biking, orienteering, and trail running. In the long run, they plan to sell outdoor gear and develop a ropes course for outdoor enthusiasts. On July 1, 2024. Tony and Suzie organize their new company as a corporation, Great Adventures incorporated. The articles of incorporation state that the cor ration will sell 34,000 shares of common stock for $1 each. Each share of stock represents a unit of ownership. Tony and Suzie will act as co-presidents of the company. The following business activities occur during July for Great Adventures. July 1 Sell $17,000 of common stock to Surie July 1 Sell $17,000 of common stock to Tony. Jaly 1 Purchase a one-year insurance policy for $3,960 ( $330 per month) to cover injuries to participants during outdoor clinics. July 2 Pay legal fees of $1,300 associated with incorporation July 4 Purchase office supplies of $1,900 on account. July 7 Pay $390 to a local newspaper for advertising to appear immediately for an upcoming mountain biking clinic to be held on July is. Attendees will be charged $70 the day of the clinic. July 8 Purchase 10 mountain bikes, paying $11,700 cash July 15 On the day of the elinic, Great Adventures receives cash of $4,200 from 60 bikers. Tony conducts the mountain biking clinic July 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives 54,750 July 24 Pay $860 to a local radio station for advertising to appear immediately. A kayaking clinic will be held on August 10, and attendecs can pay $110 in advance or $160 on the day of the clinic July 30 Great Adventures receives cash of $6,600 in advance from 60 kayakers for the upcoming kayak elinic. Complete this question by entering your answers in the tabs below. Prepare a trial balance. July 4 Purchase office supplies of $1,900 on account. July 7 Pay $390 to a local newspaper for advertising to appear immediately for an upcoming mountain biking clinic to be held on July is Attendees will be charged $70 the day of the clinic. July 8 Purchase 10 mountain bikes, paying $11,700 cash July 15 On the day of the clinic, Great Adventures receives cash of $4,200 from 60 bikers. Tony conducts the mountain biking clinic July 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives $4,750 July 24 Pay $860 to a local radio station for advertising to appear immediately. A kayaking clinic will be held on August 10 , and attendees can pay $110 in advance or $160 on the day of the clinic. July 30 Great Adventures receives cash of $6,600.. advance from 60 kayakers for the upcoming kayak elinic Complete this question by entering your answers in the tabs below. Prepare a trial balance
