general ledger? general journal? trial balance? income statement? statement of SE? balance sheet?

Tony and Suzie graduate from college in May 2024 and begin developing their new business. They begin by offering 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 Suzle organize their new company as a corporation, Great Adventures Incorporated The articles of incorporation state that the corporation will sell 32,000 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. August 10, and attendee can pay $100 in advance or $150 on the day of the olinie. Jaly 30 Great Adventures receives total cash of $5,000 in advanee fram 60 kayakera for the upeoming kayak elinio. The following tranaactiona oceur over the remainder of 2024 . Auguat 1 Great Adventures obtains a $46,000 low-intereat loan for the company from the city council, which has recently passed an initlative encouraging business development related to outdoor activities. The loan io due in three yeariz and 61 annual interest in due each year on July 31 , August 4 The company purchafies 14 kayaks, paying $20,900 cash. Auqust 10. Tony and Suzie conduct the tirst kayak olinic, th addition to the 36,000 that was recelved in advance froe kayakera on July 30, the coepany receives additional cash of 53,000 from twenty nes kayakers on the day of Nuquat 17 Tony and suzie conduets a second kayak olinio, and the conpany receivea $11,000 cash. Auguat 24 otfice supplies of \$2,000 purchased on 3uly 4 are paid in fu11. septeobet 1 To provide better storage of nountain bikes and kayaks when not in use, the company rentis a storage shed 3epteaber 21 Fony and yzie conduct a roek-elinbing elinie, the conpany receives $14, Boo cash. oetober 17 Tony and suaie conduct an orienteering olinio. Partielpants practice hou to anderstand a topographieal map, tead an casbi. December 1 Tony and suaie declde to hold the coopany's first adventure race on Decenber 15. Four-person teamb witt race tron checkpoint to checkpolnt using a conbination of mountain biking, kayaking, orienteering, trail Decenter 3 To belp organize and probote the race, Tony hires his college reotrate, Viotor. Vietor will be paid $40 in salary for each tean that coepetes in the race. Ifin salary vili be paid after the race. Decenbet I The coepany paye 31,000 to purehase a pernit fron a gtate park where the race vill be held. The angunt in Decenbes 12 the ecepany purehases tacing bupplies tor 32,200 on account due in 30 daya. Supplies inelude trophiles for the top-finiehing teans in each eategory, prosotional ahirts, snack foodi and dritks for partifeipants, and thecenter is the thatkers to prepore the racecourne. Decenter th the conpany cecetres 521,600 cash tron a total of forty teans, and the race in held. Decesber 14 The conpany pays Vietor's salary of 11,500. they get married. Suzie acceptn and they get marriedi The following information relates to year-end adjusting entries as of December 31, 2024. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $6,980. b. Six months' of the one-year insulance policy purchased on July 1 has expired. c. Four months of the one-year rental agreement purchased on September 1 has expired. d. Of the $2,000 of office supplies purchased on July 4,$300 remains. e. Interest expense on the $46,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,200 of racing supplies purchased on December 12, $290 remains. 9. Suzle calculates that the company owes $13,300 in income taxes. 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 27). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 28 to 34). 3. Review the adjusted 'Trial Balance' as of December 31,2024 . 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income Statement' tab. 5. Prepare a statement of stockhoider's equity for the period ended December 31,2024 , in the 'Statement of Stockholder's Equity tab. 6. Prepare a classifled balance sheet as of December 31, 2024 in the 'Balance Sheet' tab. 7. Record the closing entries in the 'General Joumal' tab (these are shown as items 35 to 37)