I was able to finish some of this problem pls help with the unfinished portions

Required Information The following information applies to the questions displayed below.] 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 keyaking, 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 articles of incorporation state that the corporation will sell 37,000 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 $18.500 of common stock to Suzie. Jul. 1 Sell $18.500 of common stock to Tony. Jul. 1 Purchase a one-year insurance policy for $4,320 ($360 per month) to cover injuries to participants during outdoor clinics. Jul. 2 Pay legal fees of $1,5ee associated with incorporation. Jul. 4 Purchase office supplies of $1,100 on account Jul. 7 Pay for advertising of $232 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. & Purchase 18 mountain bikes, paying $12,500 cash. Jul. 15 On the day of the clinic, Great Adventures receives cash of $3,500 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 $3,850. Jul. 24 Pay $680 to a 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 $19e on the day of the clinic. Jul. 30 Great Adventures receives cash of $7.ee in advance from se kayakers for the upcoming kayak clinic. Aug. 1 Great Adventures obtains a $42,eee 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 cach year on July 31. Aug. 4 The company purchases 14 kayaks, paying $14,400 cash. Aug. 18 Twenty additional kayakers pay $3,880 ($190 cach), in addition to the $7,eee 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 $11,280 cash. Aug. 24 Office supplies of $1,100 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 $3,240 ($270 per month) in advance. Sep. 21 Tony conducts a rock-climbing clinic. The company receives $13,9e2 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 $19,90 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 cach category to complete all checkpoints in order wins. The entry fee for cach team is $680. Dec. 5 To help organize and promote the race, Tony hires his college roommate, Victor. Victor will be paid $60 in salary for each team that competes in the race. His salary will be paid after the race Dec. 3 The company pays $1,100 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,see on account due in 30 days. Supplies include trophies for the top-finishing teams in cach category, promotional shirts, snack foods and drinks for participants, and field markers to prepare the racecourse. Dec. 15 The company receives $27, 280 cash from a total of forty teams, and the race is held. Dec. 16 The company pays Victor's salary of $2,400 Dec. 31 The company pays a dividend of $3,480 ($1,700 to Tony and $1,7ee to Suzie). Dec. 31 Using his personal money, Tony purchases a diamond ring for $3,702. 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 $1,100 of office supplies purchased on July 4, $230 remains e. Interest expense on the $42.000 loan obtained from the city council on August 1 should be recorded. f. Of the $2.800 of racing supplies purchased on December 12. $190 remains. g. Suzie calculates that the company owes $13,300 in income taxes. View transaction let View joumal entry worksheet No General Journal Debit Credit Date Jul 01, 2021 1 18,500 Cash Common Stock 18.500 2 Jul 01, 2021 18,500 Cash Common Stock - 3 Jul 01, 2021 1 4 ,320 Prepaid Insurance Cash 4,320 4 Jul 02, 2021 1,500 Legal Fees Expense Cash 1,500 E 5 Jul 04, 2021 1,100 Supplies (Office) Accounts Payable 1,100 Jul 07, 2021 230 Advertising Expense Cash 7 Jul 08, 2021 12,500 Equipment (Bikes) Cash 12,500 8 Jul 15, 2021 3,500 Cash Service Revenue (Clinic) 3,500 9 Jul 22, 2021 3,850 Cash Sales Revenue Answer is complete and correct. Credit NO 1 Date Dec 31, 2021 General Journal Depreciation Expense Accumulated Depreciation Debit 8,400 8,400 Dec 31, 2021 2,160 Insurance Expense Prepaid Insurance 1 2 .100 Dec 31, 2021 1,080 Rent Expense Prepaid Rent 1,090 Dec 31, 2021 Supplies Expense (Office) Supplies (Office) Oo ooooooooooo 870 870 5 Dec 31, 2021 1,050 Interest Expense Interest Payable 1,050 6 Dec 31, 2021 2.610 Supplies Expense Racing) Supplies (Racing) 2.610 Dec 31, 2021 13.300 Income Tax Expense Income Tax Payable 13.300 Prepaid Insurance Cash 32,120 Beg. Bal. End. Bal. 0 End. Bal. 32,120 Prepaid Rent Supplies (Office) Beg. Bal. Beg. Bal. End. Bal. 0 End. Bal. Supplies (Racing) Equipment (Bikes) Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0 Equipment (Kayaks) Accumulated Depreciation Beg. Bal. Beg. Bal. End. Bal. End. Bal. Accounts Payable Deferred Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Interest Payable Income Tax Payable Interest Payable Income Tax Payable Beg. Bal. Beg. Bal. End. Bal. 01 End. Bal. 0 Notes Payable Common Stock Beg. Bal. Beg. Bal. 37,000 End. Bal 01 37,000 Dividends Service Revenue (Clinic) 7,350 Beg. Bal. TI Beg. Bal. End. Bal. 01 End. Bal. 7,350 Service Revenue (Racing) Advertising Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Legal Fees Expense Miscellaneous Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Legal Fees Expense Miscellaneous Expense Beg. Bal. Beg. Bal. End Bal. End. Bal 0 Salaries Expense Depreciation Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. 01 Insurance Expense Ine Rent Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Supplies Expense (Office) Supplies Expense (Racing) Beg. Bal. Beg. Bal. End. Bal. End. Bal. Interest Expense Income Tax Expense Beg. Bal. Beg. Bal. End. Bal End. Bal. 0 Credit GREAT ADVENTURES, Inc Adjusted Trial Balance December 31, 2021 Accounts Debit Cash Prepaid Insurance Prepaid Rent Supplies (Office) Supplies (Racing) Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation Accounts Payable Income Tax Payable Interest Payable 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 $ 0 $ Income Statement Stmt of Stockholders Balance Sheet Equity For the period July 1 to December 31, 2021, prepare an income statement GREAT ADVENTURES, Inc. Income Statement December 31, 2021 Revenues: Service Revenue (Clinic) Service Revenue (Racing) Total Revenues Expenses Advertising Expense Depreciation Expense Income Tax Expense Insurance Expense Interest Expense Legal Fees Expense Miscellaneous Expense Rent Expense Salaries Expense Supplies Expense (Office) Supplies Expense (Racing) Total Expense Net Income Stmt of Income Stockholders Balance Sheet Statement Equity For the period July 1 to December 31, 2021, prepare a statement of stockholders' equity. All account balances on July 1 were zero. GREAT ADVENTURES, Inc. Statement of Stockholders' Equity For the Period Ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity Balance at July 1 Issuance of Common Stock Net Income for 2021 Dividends Balance at December 31 Income Statement Balance Sheet > Income Statement Stmt of Stockholders Equity Balance Sheet Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, Inc. December 31, 2021 Assets Liabilities Current Liabilities: Current Assets Cash Prepaid Insurance Prepaid Rent Supplies (Office) Supplies (Racing) Accounts Payable Interest Payable Income Tax Payable Total Current Liabilities Total Current Assets Long-term assets: Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 0 Total Assets 0 $ View transaction list 1 Record the closing of revenue accounts. 2 Record the closing of expense accounts. 3 Record the closing of dividends account. Credit Note : = journal entry has been entered Record entry Clear entry View general journal Retained Earnings Beg. Bal. End. Bal Credit GREAT ADVENTURES, Inc. Post-closing Trial Balance December 31, 2021 Accounts Debit Cash Prepaid Insurance Prepaid Rent Supplies (Office) Supplies (Racing) Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation Accounts Payable Income Tax Payable Interest Payable Notes Payable Common Stock Retained Eamings 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 0 $