Jul.		1		Sell $16,500 of common stock to Suzie.
Jul.		1		Sell $16,500 of common stock to Tony.
Jul.		1		Purchase a one-year insurance policy for $5,640 ($470 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 $1,100 on account.
Jul.		7		Pay for advertising of $220 to a local newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $40 on the day of the clinic.
Jul.		8		Purchase 10 mountain bikes, paying $10,200 cash.
Jul.		15		On the day of the clinic, Great Adventures receives cash of $2,000 from 50 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 $2,400.
Jul.		24		Pay $770 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 $190 on the day of the clinic.
Jul.		30		Great Adventures receives cash of $7,000 in advance from 50 kayakers for the upcoming kayak clinic.
Aug.		1		Great Adventures obtains a $46,000 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 $16,500 cash.
Aug.		10		Twenty additional kayakers pay $3,800 ($190 each), in addition to the $7,000 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 $1,100 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 $3,480 ($290 per month) in advance.
Sep.		21		Tony conducts a rock-climbing clinic. The company receives $13,300 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 $18,700 cash.
Dec.		1		Tony decides to hold the companys 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 $540.
Dec.		5		To help organize and promote the race, Tony hires his college roommate, Victor. Victor will be paid $50 in salary for each team that competes in the race. His salary will be paid after the race.
Dec.		8		The company pays $1,000 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 $2,100 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 $21,600 cash from a total of forty teams, and the race is held.
Dec.		16		The company pays Victors salary of $2,000.
Dec.		31		The company pays a dividend of $3,200 ($1,600 to Tony and $1,600 to Suzie).
Dec.		31		Using his personal money, Tony purchases a diamond ring for $4,400. Tony surprises Suzie by proposing that they get married. Suzie accepts and they get married!

5. For the period July 1 to December 31, 2021, prepare an income statement, statement of stockholders equity and classified balance sheet

Stmt of Income Statement 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: s Total Revenues Expenses: Total Expense Income Statement Stmt of Stockholders Equity > Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Equity Balance Sheet For the period July 1 to December 31, 2021, prepare a statement of stockholders' equity. All account zero. GREAT ADVENTURES, Inc. Statement of Stockholders' Equity For the Period Ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Balance Sheet Equity Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, Inc. Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities 0 0 Total Current Assets Long-term assets: Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets 0 Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Equity Balance Sheet For the period July 1 to December 31, 2021, prepare a statement of stockholders' equity. All account zero. GREAT ADVENTURES, Inc. Statement of Stockholders' Equity For the Period Ended December 31, 2021 Common Stock Retained Earnings Total Stockholders' Equity Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Balance Sheet Equity Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, Inc. Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities 0 0 Total Current Assets Long-term assets: Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets 0