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i need to create a general journal Great Adventures Problem AP2-1 (GL) Jul Tony and Suzie graduate from college in May 2021 and begin developing

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Great Adventures Problem AP2-1 (GL) Jul 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 Suzie organize their new company as a corporation, Great Adventures Inc. The artides of incorporation state that the corporation will sell 32,000 shares of common 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 business activities occur during July for Great Adventures. 1 Sell $16,000 of connon stock to Suzle. Jul. 1 Sell 516,000 of common stock to Tony. Jul 1 Purchase one-year Insurance policy for $3,720 (5310 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 $350 to a local newspaper for advertising to appear imediately for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $60 the day of the clinic Jul. & Purchase 10 mountain bikes, paying $11,600 cash. Jul 15 on the day of the clinic, Great Adventures receives cash of $4,200 from 70 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 $4,750. Jul. 24 Pay $100 to local radio station for advertising to appear immediately. A kayaking clinic will be held on August 10, and attendees can pay $140 in advance or $190 on the day of the clinic Jul. s Great Adventures receives each of $5.600 in advance from 40 kayakers for the upcoming kayak clinic. Requirement General General Journal Ledger Trial Balance Prepare the foumal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View journal entry worksheet Date No 1 Account Title Credit July 01 Cash Debit 16.000 2 July 01 Cash 16.000 Journal Entry Required in the first View transaction ist View journal entry worksheet Date No 1 Account Title July 01 Cash Credit Debe 16.000 2 July 01 Cash 16,000 3 July 01 Prepaid insurance 3.720 4 July 02 Legal Fees Expense 1.200 5 July 04 Supplies 2000 6 July 07 Advertising Expense 380 7 July 08 Equipment 11600 8 July 15 Canh 4200 9 July 22 Cash 4.750 10 July 24 Advertising Expense 500 11 July 30 Cash 5.600

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