D Question 30 20 pts 30. Andrew's Adventures offers clinics and sponsors competitive races for basic outdoor activities such as mountain biking, trail running, oribnteering and kayaking. Selected ledger accounts for the company are listed below along with identifying numbers. Following this list of account numbers and titles is a series of transactions. For each transaction, indicate the proper accounts to be debited and credited by entering the number(s) for the account(s) and the related amounts in the space provided. If you feel the transaction should not be entered into the accounting system, write N/A. Note: You may use each account only once, more than once, or not at all. # Account Account # Account 10 Cash 20 Accounts payable Clinic Fee 40 Revenue 11 Accounts receivable 22 Unearned revenue 45 Race Fee Revenue 12 Supplies 23 Notes payable 50 Rent expense 13 Prepaid insurance 30 Common stock 51 Supplies expense 14 Office equipment Insurance 35 Retained earnings 52 expense 15 Mountain bikes 39 Dividends 53 Wages expense Date Transaction Accounts) Debited Account(s) Credited Issued 1,000 shares of common stock to July 1 investors in exchange for $25,000 in cash. Purchased a one-year insurane policy for 2 $4,800 to cover injuries to participants during outdoor clinics The company borrows $30,000 from New 3 National Bank signing a 5 year, 7% note. The company purchases 10 mountain bikes. 5 paying $12,000 cash The company purchases $1,800 of supplies and a $200 scanner on account from Supplies 7 ToGo, Inc. The company rents a storage shed for the 9 mountain bikes paying $200 for July's rent. Andrew's Adventures holds its first mountain bike clinic for customers. Totaltees for the 10 clinic are $3,500 $2,500 was collected in cash and the rest was on account The company hires Susie M to help oranize and promote the first race. Survie will be paid GESSO for each team that competes in the race The company purchases 10 mountain bikes, 5 paying $12,000 cash. The company purchases $1.800 of supplies and a $200 scanner on account from Supplies 7 ToGo, Inc. The company rents a storage shed for the mountain bikes paying $200 for July's rent. 9 Andrew's Adventures holds its first mountain bike clinic for customers. Total fees for the 10 clinic are $3,500; $2,500 was collected in cash and the rest was on account The company hires Susie M. to help organize and promote the first race. Susie will be paid 18 $50 for each team that competes in the race in August The company pays $1,000 to Supplies ToGo, 29 Inc. for purchase made on July 7. The company receives $4.000 in advance from 40 kayakers for an August 20th kayak clinic 31