Great Adventures (This is a continuation of the Great Adventures problem from earlier chapters.) RWP3-1 You may refer to the opening story of Tony and Suzie and their decision to start Great Adventures in RWP 1-1. More of their story and the first set of transactions for the company in July are presented in RWP 2-1 and repeated here. July 1 1 1 Sell $10,000 of common stock to Suzie. Sell $10,000 of common stock to Tony. Purchase a one-year insurance policy for $4,800 ($400 per month) to cover injuries to participants during outdoor clinics. Pay legal fees of S1,500 associated with incorporation. Purchase office supplies of $1,800 on account. 2 4 7 Pay $300 to a local newspaper for advertising to appear immediately for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged S50 the day of the clinic. 8 Purchase 10 mountain bikes, paying $12,000 cash. 15 On the day of the clinic, Great Adventures receives cash of $2,000 from 40 bikers. Tony and Suzie conduct the mountain biking clinic. 22 Because of the success of the first mountain biking clinic, Tony and Suzie hold another mountain biking clinic, and the company receives $2,300. 24 Pay $700 to a local radio station for advertising to appear immediately. A kayaking clinic will be held on August 10, and attendees can pay $100 in advance or $150 on the day of the clinic. 30 Great Adventures receives cash of $4,000 in advance from 40 kayakers for the upcoming kayak clinic. The following transactions occur over the remainder of 2024. page 172

Great Adventures (This is a continuation of the Great Adventures problem from earlier chapters.) RWP3-1 You may refer to the opening story of Tony and Suzie and their decision to start Great Adventures in RWP 1-1. More of their story and the first set of transactions for the company in July are presented in RWP 2-1 and repeated here. July 1 Sell 510.000 of common stock to Stuzie. I. Sell $10.000 of common stock to Toay. 1 Purchase a one-year insurance policy for $4,800 ( $400 per month) to cover injuries to participants during outdoor clinics: 2. Pay legal fees of 51,500 associated with incorporation. 4 Purchase oftice supplies of $1,500 on account. 7 Pay $300 to a local newspaper for advertising to appear immediately for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $50 the day of the clinic. 8 Purchase 10 motatain bikes, paying $12,000 cash. 15. On the day of the cliaic, Grest Adventures receives cash of $2,000 from 40 bikers. Tony and Suzie conduct the mountain baking cliaic. 22 Becatse of the success of the first mouatain biking clinic, Tony and Suzie hold another mountain biking clinic, and the company receives $2,300. 24 Pay $700 to a local nidio station for advertising to appear immediately. A kayaking clinic will be beld on August 10 , and aftendees can pay $100 in advance or $150 on the day of the clinic. 30 Great Adveatures receives cash of $4,000 in advance from 40 kayakers for the upcoming kayak cliaic. The following transactions occur over the remainder of 2024 Great Adventures (This is a continuation of the Great Adventures problem from earlier chapters.) RWP3-1 You may refer to the opening story of Tony and Suzie and their decision to start Great Adventures in RWP 1-1. More of their story and the first set of transactions for the company in July are presented in RWP 2-1 and repeated here. July 1 Sell 510.000 of common stock to Stuzie. I. Sell $10.000 of common stock to Toay. 1 Purchase a one-year insurance policy for $4,800 ( $400 per month) to cover injuries to participants during outdoor clinics: 2. Pay legal fees of 51,500 associated with incorporation. 4 Purchase oftice supplies of $1,500 on account. 7 Pay $300 to a local newspaper for advertising to appear immediately for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $50 the day of the clinic. 8 Purchase 10 motatain bikes, paying $12,000 cash. 15. On the day of the cliaic, Grest Adventures receives cash of $2,000 from 40 bikers. Tony and Suzie conduct the mountain baking cliaic. 22 Becatse of the success of the first mouatain biking clinic, Tony and Suzie hold another mountain biking clinic, and the company receives $2,300. 24 Pay $700 to a local nidio station for advertising to appear immediately. A kayaking clinic will be beld on August 10 , and aftendees can pay $100 in advance or $150 on the day of the clinic. 30 Great Adveatures receives cash of $4,000 in advance from 40 kayakers for the upcoming kayak cliaic. The following transactions occur over the remainder of 2024