I have attempted this problem multiple times and I cannot figure out what mistake I have made. I need help figuring out what I am doing wrong and why my debits and credits are not matching each other, so that way in the future if I come across a similar issue I know what to fix.

This is the information I used for the journal entries etc...

This is my work for the journal entries:

After I made my journal entries I went ahead and did my T-charts and including the adjusting entries in green:

Lastly, I used all of my info for my adjusted trial balance:

As you can see my debits and credits are off by a lot. Why is this happening or where did I go wrong? I have not been able to figure it out. I have recalculated my cash and other things multiple times and I have gone over all of my entries and t-charts many times yet it still is not matching up. Could you help me to figure out where I went wrong and why it is not correct?

Thank you!

On July 1, 2021, Tony and Suzie organize their new company as a corporation, Great Adventures Inc. The articles of incorporation state that the corporation will sell 35,000 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 transactions occur from July 1 through December 31. Jul. 1 Sell $17,500 of common stock to Suzie. Jul. 1 Sell $17,500 of common stock to Tony. Jul. 1 Purchase a one-year insurance policy for $5,040 ($420 per month) to cover injuries to participants during outdoor clinics. Jul. 2 Pay legal fees of $1,900 associated with incorporation. Jul. 4 Purchase office supplies of $1,400 on account. Jul. 7 Pay for advertising of $350 to a local newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $50 on the day of the clinic. Jul. 8 Purchase 10 mountain bikes, paying $11, 600 cash. Jul. 15 On the day of the clinic, Great Adventures receives cash of $3,000 from 60 bikers. Tony conducts the mountain biking clinic. Jul. 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives $3,300. Jul. 24 Pay $810 to a local radio station for advertising to appear immediately. A kayaking clinic will be held on August 10, and attendees can pay $120 in advance or $170 on the day of the clinic. Jul. 30 Great Adventures receives cash of $6,000 in advance from 50 kayakers for the upcoming kayak clinic. Aug 1 Great Adventures obtains a $44,000 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 6% annual interest is due each year on July 31. Aug. 4 The company purchases 14 kayaks, paying $10,000 cash. Aug. 10 Twenty additional kayakers pay $3,400 ($170 each), in addition to the $6,000 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 $10,600 cash. Aug. 24 Office supplies of $1,400 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 $3,360 ($280 per month) in advance. Sep. 21 Tony conducts a rock-climbing clinic. The company receives $14,600 cash. Oct. 17 Tony conducts an orienteering clinic. Participants practice how to understand a topographical map, read an altimeter, use a compass, orient through heavily wooded areas. The company receives $18,700 cash. Dec. 1 Tony decides to hold the company's first adventure race on December 15. Four-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 wins. The entry fee for each team is $660. Dec. 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. Dec. The company pays $1,900 to purchase a permit from a state park where the race will be held. The amount is recorded as a miscellaneous expense. Dec. 12 The company purchases racing supplies for $2,800 on account due in 30 days. Supplies include trophies for the top-finishing teams in each category, promotional shirts, snack foods and drinks for participants, and field markers to prepare the racecourse. Dec. 15 The company receives $26,400 cash from a total of forty teams, and the race is held. Dec. 16 The company pays Victor's salary of $1,600. Dec. 31 The company pays a dividend of $4,400 ($2,200 to Tony and $2,200 to Suzie). Dec. 31 Using his personal money, Tony purchases a diamond ring for $5,400. Tony surprises Suzie by proposing that they get married. Suzie 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 $8,400. 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 $1,400 of office supplies purchased on July 4, $320 remains. e. Interest expense on the $44,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,800 of racing supplies purchased on December 12, $200 remains. g. Suzie calculates that the company owes $14,300 in income taxes. No Date General Journal Debit Credit 1 Jul 01, 2021 17,500 Cash Common Stock 17,500 2 2 Jul 01, 2021 17,500 Cash Common Stock 17,500 3 Jul 01, 2021 5,040 Prepaid Insurance Cash 5,040 4 Jul 02, 2021 1,900 Legal Fees Expense Cash 1,900 Jul 04, 2021 1,400 Supplies (Office) Accounts Payable 1,400 6 Jul 07, 2021 Advertising Expense 350 7 Jul 08, 2021 11,600 Equipment (Bikes) Cash 11,600 8 Jul 15, 2021 3,000 Cash Service Revenue (Clinic) 3,000 9 Jul 22, 2021 3,300 Cash Service Revenue (Clinic) 3,300 10 Jul 24, 2021 810 Advertising Expense Cash 810 11 Jul 30, 2021 6,000 Deferred Revenue Service Revenue (Clinic) 6,000 12 Aug 01, 2021 Cash 44,000 12 Aug 01, 2021 44,000 Cash Notes Payable 44,000 13 Aug 04, 2021 10,000 Equipment (Kayaks) Cash 10,000 14 Aug 10, 2021 3,400 Cash Service Revenue (Clinic) 3,400 15 Aug 17, 2021 10,600 Cash Service Revenue (Clinic) 10,600 16 Aug 24, 2021 1,400 Accounts Payable Cash 1,400 17 Sep 01, 2021 3,360 Prepaid Rent Cash 3,360 18 Sep 21, 2021 Cash 14,600 Service Revenue (Clinic) 14,600 19 Oct 17, 2021 18,700 Cash Service Revenue (Clinic) 18,700 20 Dec 01, 2021 No Journal Entry Required 21 Dec 05, 2021 No Journal Entry Required 22 Dec 08, 2021 1,900 Miscellaneous Expense Cash 1,900 23 Dec 12, 2021 2,800 Supplies (Racing) Accounts Payable 2,800 24 Dec 15, 2021 26,400 Cash Service Revenue (Racing) 26,400 25 Dec 16, 2021 Salaries Expense 1,600 25 Dec 16, 2021 1,600 Salaries Expense Cash 1,600 26 Dec 31, 2021 4,400 Dividends Cash 4,400 27 Dec 31, 2021 No Journal Entry Required Common stock: 17,500 17,500 Prepaid ins: 5,040 stigne ins. Expense 2,520 12,520 1,900 Lozs!2 cash 20,400 4,400 18,700 1,600 14,600 3,400 3,360 10,600 1.400 44,000 3,300 3,000 17,500 350 17,500 1,900 5,00 prepaid rent: 3,360/120 asudax7 tual 10,000 810 11,600 interest Exp: 120 Interest payable. 1,100 2,240 159.000 42,360 leqal fees Exp: 1,900 116,640 supplies expense Coffice) accounts payable? advertising Expense: 1,400 2,800 810 1/400 350 (2,800] ? Supplies Expense Supplies(racing) racing) 2,800 2,600 2,600 supplies Coffice) 1,400080 1080 320 200 11,000 equipment (Bikes) equipment ( kayaks) 10,000 Service Rev-Cclinic) Service rev.Cracing) 261400 18,700 14,600 10:600 3/400 61000 3,300 31000 Salaries expense 1,000 mis Ollaneons expense: 1.900 Notes payable 1900 Dividends 41400 44,000 Depreciation Exponit: 8,400 depreciation Accum 8,400 income tax exoen income tax payable 114,300 14,300 Credit GREAT ADVENTURES, Inc. Adjusted Trial Balance December 31, 2021 Accounts Debit Cash $ 116,640 Prepaid Insurance 2,520 Prepaid Rent 2,240 Supplies Office) 320 Supplies (Racing) 200 Equipment (Bikes) 11,600 Equipment (Kayaks) 10,000 Accumulated Depreciation Accounts Payable Income Tax Payable Interest Payable Notes Payable Common Stock Dividends 4,400 Service Revenue (Clinic) Service Revenue (Racina) 8,400 2,800 14,300 1,100 44,000 35,000 59,600 26.400 44,000 35,000 4,400 59,600 26,400 Notes Payable Common Stock Dividends Service Revenue Clinic) Service Revenue (Racing) Advertising Expense Depreciation Expense Income Tax Expense Insurance Expense Interest Expense Legal Fees Expense Miscellaneous Expense Rent Expense Salries Expense Supplies Expense (Office) Supplies Expense (Racing) Totals 1,160 8,400 14,300 2,520 1,100 1,900 1,900 1,120 1,600 320 200 182,440 $ $ 191,600