i need a journal entry for each one

GL 2-16 (Algo) Great Adventures Continuing Problem (LO2-3, 2-4, 2-5, 2-6, 2-7,2-8) 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 Suzie organize their new company as a corporation, Great Adventures Incorporated The articles of incorporation state that the corporation will sell 25,000 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. July1July1July1duringoutdoorclinics.Sell$12,500ofcommonstocktoSuzie.Sell$12,506ofcommonstocktoTony.Purchaseaone-yearinsurancepolicyfor$4,800($400permonth)tocoverinjuriestoparticipants conducts the mountain biking clinic. Juty 22 Because of the success of the first mountain biking clinic, Tony and Suzie holds another aountain biking clinic, and the company receives $2,400. July 24 Pay $920 to a local radio 5 tation for advertising to appear iemediately. A kayaking clinic will be held on August 10, and attendees can pay $130 in advance or $180 on the day of the clinic. July 30 Great Adventures receives cash of $7,800 in advance from 60 kayakers for the upcoming kayak clinic. The foltowina transactions occur over the remainder of 2024. Great Adventures receives cash of $7,800 in advance from 60 kayakers for the upcoming kayak clinic. The following transactions occur over the remainder of 2024 . Great Adventures obtains a $48,000 low-interest loan for the company from the city councit, which has recently passed an initiative encouraging business development related to outdoor activities. The toan is due in three years, and 6% annual interest is due each year on July 31. The company purchases 14 kayaks, paying $23,400 cash. Tony and Suzie conduct the first kayak clinic. In addition to the $7,800 that was received in advance from kayakers on July 30 , the company receives additionat cash of 33,600 from 20 new kayakers on the day of the clinic. gust 24 office supplies of $1,200 purchased on July 4 are paid in full. Tony and Suzie conducts a second kayak clinic, and the company receives 511,000 cash. ptember 1 To provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed for one year, paying $2,400 (\$200 per month) in advance. ptember 21 Tony and Suzie conduct a rock-climbing clinic. The company receives $14,000 cash. tober 17 Tony and Suzie conduct an orienteering clinic. Participants practice how to understand a topographical map, read an altimeter, use a compass, and orient through heavily wooded areas. The cospany receives $18,900 cash. cember 1 Tony and Suzie decide to hold the company's first adventure race on Decenber 15. Four-person teass witl race from checkpoint to checkpoint using a combination of nountain 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 5630. cember 5 To help organize and promote the race, Tony hires his college roonnate, Victor. Victor witl be paid 540 in satary for each team that competes in the race. His salary will be paid after the race. ember 8 The company pays $1,300 to purchase a perimit from a state park where the race will be held. The amount is recorded as a miscetlaneous expense. ember 12 The company purchases racing supplies for $2,200 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. ember 15 The company receives $25,200 cash from a total of forty teams, and the race is held. ember 16 The company pays Victor's salary of $1,600. ember 31 The company pays a dividend of $4,400 ( $2,200 to Tony and $2,200 to 54z1e). ember 31 Using his personal money, Tony purchases a diamond ring for $5,200. Tony surprises Suzie by December 15 for participants, and field markers to prepare the racecourse. December 16 The company receives $25,200 cash fron a total of forty teams, and the race is hetd. The company pays victor's salary of $1,600. December 31 The company pays a dividend of $4,400 ( $2,200 to Tony and $2,200 to Suzie). Using his personal money, Tony purchases a diatond ring for $5,200. 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, 2024 . a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $7,120. 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 $1,200 of office supplies purchased on July 4,$270 remains. e. Interest expense on the $48,000 loan obtained from the city council on August 1 should be recorded, f. Of the $2,200 of racing supplies purchased on December 12,$170 remains g. Suzie calculates that the company owes $13,100 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 stockholder's equity for the period ended December 31,2024 , in the 'Statement of Stockholder's Equity' tab. 6. Prepare a classified 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 ). nal entry worksheet $12,500 of common stock to Suzie. inter debits before credits. I entry worksheet , 500 of common stock to Suzie. debits before credits. worksheet 00 of common stock to Suzie. lebits before credits. entry worksheet 2,500 of common stock to Suzie. er debits before credits. 2,500 of common stock to Suzie. ir debits before credits. entry worksheet 500 of common stock to Suzie. debits before credits. worksheet 00 of common stock to Suzie. ebits before credits. of common stock to Suzie. its before credits. 0 of common stock to Suzie. ts before credits. D0 of common stock to Suzie. bits before credits. entry worksheet 500 of common stock to Suzie. debits before credits. try worksheet of common stock to Suzie. its before credits. g. Suzie calculates that the company owes $13,100 in income taxes. Choose the appropriate accounts to be reported on the income statement. Select the 'adjusted' from the then populate the balances in those accounts from the trial balance. Choose the appropriate accounts to be reported then populate the balances in those accounts fror Choose the appropriate accounts to be reporte then populate the balances in those accounts Suzie caiculates that the company owes Choose the appropriate accounts to be report then populate the balances in those accounts Choose the appropriate accounts to be report then populate the balances in those accounts Choose the appropriate accounts to be repor then populate the balances in those accounts Choose the appropriate accounts to be report then populate the balances in those accounts g. Suzie caiculates that the company owes $13 Choose the appropriate accounts to be reported then populate the balances in those accounts froi g. Suzie calculates that the company owes $15 Choose the appropriate accounts to be reported then populate the balances in those accounts fror Choose the appropriate accounts to be repor then populate the balances in those account Choose the appropriate accounts to be reporte then populate the balances in those accounts Choose the appropriate accounts to be repo then populate the balances in those account 9. Suzie caiculates that the company owes $13,100 in income taxes. Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease the balance indicated. Select 'Adjusted' from the dropdown, which will then populate the balances in those accounts from the trial baiance Using the dropdown buttons, select th indicated. Select 'Adjusted' from the dr The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately balance sheet