hello, I messed up somewhere and i dont know what i did wrong. the balance sheet isnt balanced. thank you so much in advance :)

(after the income tax adjusting entry, i had to close the revenue accounts, the expense accounts, and the dividends)

Great Adventures Problem AP3-1 (GL) Tony and Suzie graduate from college in May 2021 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, 2021, Tony and Suzle organize their new company as a corporation, Great Adventures Inc. The articles of Incorporation state that the corporation will sell 34,000 shares of conmon stock for $1 each Each share of stock represents a unit of ownership. Tony and Suzle will act as co presidents of the company. The following transactions occur from July 1 through December 31. Jul. 1 soll $17,000 of common stock to Suzie. Jul. 1 Sell $17,000 of common stock to Tony. Jul. Purchase a one-year Insurance policy for $4,680 ($390 per month) to cover injuries to participants during outdoor clinics. Jul. 2 Pay legal fees of $1,200 associated with incorporation Jul 4 Purchase office supplies of $2,000 on account. Jul. 7 Pay for advertising of $360 to a local newspaper for an upcoming mountain biking elinie to be held on July 15. Attendees will be charged $50 on the day of the elinie. Jul. Purchase 10 mountain bikes, paying $16,700 canh Jul 15 on the day of the clinic, Great Adventures receives canh of $3,000 from 60 bikers. Tony conducts the mountain biking clinic Jul 22 Because of the success of the first mountain biking clinte, Tony holds another mountain biking clinic and the company receives $3,350. Jul. 24 Yay 3050 to a local radio station for advertising to appear imediately. A kayaking clinic vill be held on August 10, and attendees can pay $140 in advance or $190 on the day of the elinie. Jul. 30 Great Adventures receives cash of $9,800 in advance from 70 kayakers for the upcoming kayak clinic. Aug. 1 Great Adventures obtains a $30,000 low-interest loan for the company from the city council, which has recently passed an initiative encouraging business development related to outdoor activities. The loan is due in three years, and annual interest is due each year on July 31. hug. 4 The company purchases 14 kayaks, paying $19,800 cash. Aug. 10 Twenty additional kayakers pay $3,800 ($190 each), in addition to the $9,800 that was paid in advance on July 30, on the day of the clinic. Tony conducts the first kayak elinie. Aug. 17 Tony conducts a second kayak clinic, and the company receives $12,200 cash. Aug. 24 Office supplies of $2,000 purchased on July 4 are paid in full. Sep. 1 to provide better storage of mountain bikes and kayaks when not in use the company renta a storage shed for one year, paying $3,000 (5250 per month) in advance. passed an anitiative encouraging business development related to outdoor activities. The loan is due in three years, and 61 annual interest is due each year on July 31. Aug. 4 The company purchases 14 kayaks, paying $19,800 cash. Aug. 10 Twenty additional kayakers pay $3,800 ($190 each), in addition to the $9,800 that was paid in advance on July 30, on the day of the clinic. Tony conducts the first kayak clinic. Aug. 17 Tony conducts a second kayak clinic, and the company receives $12,200 cash. Aug. 24 Office supplies of $2,000 purchased on July 4 are paid in full. Sep. 1 to provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed for one year, paying $3,000 ($250 per month) in advance. Sep. 21 Tony conduets a rock-climbing clinic. The company receives $13,700 cash. Oct. 17 Tony conducts an orienteering clinic. Participants practice how to understand a topographical map, read an altimeter, use a compass, and orient through heavily wooded areas. The company receives $19,600 cash. Dec. 1 Tony decides to hold the company's first adventure race on December 15. Pour-person teams will race from checkpoint to checkpoint using a combination of mountain biking, kayaking, orienteering, trail running, and rock-climbing skills. The first team in each category to complete all checkpoints in order vins. The entry too for each team is $510. Dee. 5 To help organize and promote the race, Tony hires his college roommate, Victor. Victor will be paid $40 in salary for each team that competes in the race. His salary will be paid after the race. Dee B The company payo $1,700 to purchase a pornit from a state park where the race will be held. The amount is recorded as a miscellaneous expense. Doc. 12 The company purchasen racing supplies for $2,000 on account duo in 30 days. Supplies includo trophies for the top-Tinishing teans in each category, promotional shirts, snack foods and drinks for participants, and field markers to prepare the racecourse. Dec. 15 The company receives $20,400 canh from a total of forty teams, and the race is held. Dec. 16 The company paya Victor's salary of $1,600. Dec 31 the company pays a dividend of $3,800 ($1,900 to Tony and $1,900 to Suzie). Dec. 31 vuing his personal money, Tony purchases a diamond ring for $3,800. Tony surprises Suzie by proposing that they get married. Susio accepts and they get married! The following information relates to year-end adjusting entries as of December 31, 2021. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $7,300. b. Six months of the one year Insurance 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, $260 remains. e. Interest expense on the $38,000 loan obtained from the city council on August 1 should be recorded. 1. Of the $2,000 of racing supplies purchased on December 12. $290 remains 9. Suzle calculates that the company owes $13,500 in income taxes. No Date General Journal Debit Credit 1 Jul 01, 2021 17,000 Cash Common Stock 17,000 2 Jul 01, 2021 Cash 17,000 Common Stock 17,000 3 Jul 01, 2021 Prepaid Insurance Cash 4,680 4,680 4 Jul 02, 2021 Legal Fees Expense Cash 1,200 1,200 5 Jul 04, 2021 2,000 Supplies (Office) Accounts Payable 2,000 6 Jul 07, 2021 360 Advertising Expense Cash 360 7 Jul 08, 2021 Equipment (Bikes) Cash 16,700 16,700 8 Jul 15, 2021 3,000 Cash Service Revenue (Clinic) 3,000 9 Jul 22, 2021 Cash Service Revenue (Clinic) 3,350 3,350 10 Jul 24, 2021 850 Advertising Expense Cash 850 11 Jul 30, 2021 Cash Deferred Revenue 9,800 9,800 12 Aug 01, 2021 Cash Notes Payable 38,000 38,000 13 Aug 04, 2021 Equipment (Kayaks) Cash 19,800 19,800 14 Aug 10, 2021 Cash Service Revenue (Clinic) 3,800 3,800 15 Aug 17, 2021 Cash Service Revenue (Clinic) 12,200 12,200 16 Aug 24, 2021 Supplies Expense (Office) Cash 2,000 2,000 17 Sep 01, 2021 Prepaid Rent Cash 3,000 3,000 18 Sep 21, 2021 Cash Service Revenue (Clinic) 13,700 13,700 19 Oct 17, 2021 Cash 19,600 Service Revenue (Clinic) 19.600 20 Dec 01, 2021 No Journal Entry Required 21 Dec 05, 2021 No Journal Entry Required 22 Dec 08, 2021 Miscellaneous Expense Cash 1,700 1,700 23 Dec 12, 2021 Supplies (Racing) Accounts Payable 2,000 2,000 24 Dec 15, 2021 Cash Service Revenue (Racing) 20,400 20,400 25 Dec 16, 2021 Salaries Expenso Cash 1,600 1,600 26 Dec 31, 2021 Retained Earnings Dividends 3,800 3,800 27 Dec 31, 2021 No Journal Entry Required 28 Dec 31, 2021 Depreciation Expense Accumulated Depreciation 7,300 7,300 29 Dec 31, 2021 Insurance Expense Prepaid Insurance 2.340 2,340 30 Dec 31, 2021 Rent Expense Prepaid Rent 1,000 1,000 31 1,740 Dec 31, 2021 Supplies Expense (Office) Supplies (Office) 1,740 32 760 Dec 31, 2021 Interest Expense Interest Payable 760 33 1,710 Dec 31, 2021 Supplies Expense (Racing) Supplies (Racing) 1,710 34 13,500 Dec 31, 2021 Income Tax Expense Income Taxes Payable 13,500 35 Dec 31, 2021 Service Revenue (Clinic) Service Revenue (Racing) Retained Earnings 55,650 20,400 76,050 36 28,000 Dec 31, 2021 Retained Earnings Advertising Expense Supplies Expense (Office) Supplies Expense (Racing) Salaries Expense Rent Expense Income Tax Expense Legal Fees Expense Insurance Expense Miscellaneous Expense 1,210 3,740 1,710 1,600 1,000 13,500 1,200 2,340 1,700 37 Dec 31, 2021 3,800 Retained Earnings Dividends 3,800 GREAT ADVENTURES, Inc. Trial Balance December 31, 2021 Account Title Debit Credit $ 1 22 22 105,960 260 290 2,000 2,340 16,700 19,800 Cash Supplies (Office) Supplies (Racing) Prepaid Rent Prepaid Insurance Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation Accounts Payable Interest Payable Income Taxes Payable Deferred Revenue Notes Payable Common Stock Retained Earnings Dividends Service Revenue (Clinic) Service Revenue (Racing) Advertising Expense Dopreciation Expenso Supplies Expense (Office) Supplies Expense (Racing) Salaries Expense 7,300 4,000 760 13,500 9,800 38,000 34,000 3,800 3,800 55,650 20,400 1,210 7,300 3,740 1.710 1,600 . Saved 34,000 3,800 2 2 2 2 2 2 2 2 2 3,800 55,650 20,400 Common Stock Retained Earnings Dividends Service Revenue (Clinic) Service Revenue (Racing) Advertising Expense Depreciation Expense Supplies Expense (Office) Supplies Expense (Racing) Salaries Expense Interest Expense Rent Expense Income Tax Expense Legal Fees Expense Insurance Expense Miscellaneous Expense Total 2 2 2 2 1,210 7,300 3,740 1,710 1,600 760 1,000 13,500 1,200 2,340 1,700 187 210 $ 187 210 Adjusted GREAT ADVENTURES, Inc. Income Statement December 31, 2021 Revenues: Service Revenue (Clinic) Service Revenue (Racing) 55,650 20,400 + $ 76,050 Total Revenues Expenses: Advertising Expense Supplies Expense (Office) Supplies Expense (Racing) Salaries Expense Rent Expense Income Tax Expense Legal Fees Expense Insurance Expense Miscellaneous Expense 1,210 3,740 1,710 1,600 1,000 13,500 1,200 2,340 1,700 Total Expense Net Income 28,000 48,050 $ General Requirement General Trial Balance Income Statement of Journal Ledger Statement SE Balance Sheet Using the dropdown buttons, select the item that accurately describes the values that either increase ord indicated. Select 'Adjusted' from the dropdown, which will then populate the balances in those accounts fr balance. Adjusted GREAT ADVENTURES, Inc. Statement of Stockholders' Equity For the year ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity 0 0 34,000 Balance at July 1 Add: Issuance of Common Stock Add: Net Income for 2021 Less: Dividends Balance at December 31 34,000 48,050 48,050 $ 34,000 $ 48,050 $ 82,050 Assets $ 4,000 Current Assets Cash Supplies (Office) Supplies (Racing) Prepaid Rent Prepaid Insurance 760 GREAT ADVENTURES, Inc. Balance Sheet December 31, 2021 Liabilities Current Liabilities: 105,960 Accounts Payable 260 Interest Payable 290 Income Taxes Payable 2,000 Deferred Revenue 2,340 Total Current Liabilities Notes Payablo 110,850 Total Liabilities Stockholders' Equity 16,700 Common Stock 19,800 Retained Earnings (7.300) Dividends Total Stockholders' Equity $ 140,050 Total Liabilities and Stockholders' Equity 13,500 9,800 28,060 38,000 66,060 4 Total Current Assets Long-term asset Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation 34,000 44.250 (3,800) 74,450 140,510 Total Assets $