Great occur from August 1 through December 31. Also, the balances are provided for the month ended July 31 Aug. 1 Great Adventures obtains a $44,000 low-interest loan for the company from the city council, which has recently passed an development related to outdoor activities. The loan is due in three years, and 6% annual interest is due each year on July 31 purchases 14 kayaks, paying $25,500 cash kayakers pay $3,200 ($160 each), in addition to the $5,500 that was paid in advance on July 30, on the Aug. 10 Twenty day of the clinic. Tony Aug. 17 Tony conducts a second kayak clinic, and the company receives $11,600 cash. on July 4 are paid in ful. Aug. 24 Office supplies of $1,800 Sep. 1 To provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed, purchasing a rental policy for $3,000 ($250 per month). practice how to understand a Oct. 17 Tony compass, and Dec. 1 Tony decides to hold the company's first ad an h heavily wooded areas. The company race on biking, trail running, and rock-climbing skills. The first team in all checkpoints in order wins. The entry fee for each team is $690. Dec. 5 To help organize and promote the race, Tony hires his college roommate, Victor. Victor will be paid $50 in salary for each team that Dec. 8 The in the race. His salary will be paid after the race. Dec. 12 The purchases racing supplies for $2,400 on account due in 30 days. Supplies include trophies for the top Inishing teams in each category, promotional shirts, snack foods and crinks for paricipants. and fieid markers to prepare Dec. 15 The company Dec. 16 The company pays Victor's salary of $2,000 s held. Dec. 31 The Dec. 31 Using his married. Suzle accepts and they get married al money, Tony purehases a diamond ning for $4,600. Tony surprises Suzie by proposing that they get The following information relates to year-end adjusting entries as of December 31,2018 b. Six c. Four months' worth of rent has expired. d. Of the $1,800 of office supplies e. Interest expense on the $44,000 loan obtained from the city council on August 1 should be recorded owes $14,100 in +Assume $ 20,900 4,680 1,800 18,300 1.800 Prepaid insurance b. Sx C. Four f. Of the $2,400 of racing supplies purchased on S20,900 4,680 1,800 18.300 1,800 5.500 36,000 Prepaid i 1,070 3. Post 4. Prepare an entries as of December 31, 2018