need helo with the income statement

Che Tony and Suzie graduate from college in May 2021 and begin developing the new business. They begin by offering clinics for basic outdoor activities such as mountain bilang kayaking Upon developing a customer base, they hold their first adventure races These races will involve four person toom 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 Surie organize their new company as a corporation, Great Adventures inc. The articles of incorporation state that the corporation will sell 20.000 shares of common stock for $ each Each share of stock represents a unit of ownership Tony and Suzie wil actos co-presidents of the company. The following transactions occur from July through December 31 2. el 310,000 ot to te Sell 010,000 or too to Tony 901. Prehrane polley for 14,0 (5400r) to cover injuries to participat duine outdoor elinie may loc of 11.500 sociated with corporation Juli Purchase office supplies at 11.300 on. fully for event of $300 to local er for sine mai bine ca seteld on July 1. des vill be charged 150 on the day of the clini Purchase a biker paying $12.000 cash Jul 15 the day of the elinie. Mentre eles of $3.000 from y conduct the mountain in eine Jul 12 of the of the the mountain cline, Tonyholde another mountain biking and the company receive 2.100 Jul 25700 Latitor advertisin operely. A kayaking he will on out 10, 100 or 5550 the day of the line Jul. Great entre cele 4,000 crore for the coming ayak elinde N 1 Get $10,000 loan for the month on whit an inte har develop related to ottivities. The des the mara che 4. The company 16 yake, pe 20.000 cash 10 anyon ay $3,000 1250) dicion to the 34,000 that was peld in den 30. on the day at the clinic. To conduct the first rayak eta 17 tony and saya ini, and the company receive $10.500 Cat No. 16 ofice applies to purchased are pad is full tap. 1 To provide eest tage of the bill when nue in the company rentages for yerin 13.00 1200) Sep. 2: Tony Brock The company reci 513,200 ch Oct 17 Tony LG Cartients to topographic rendan Altimeter and haviy wooded areas. De aceea, Do Tony State intre aces. You will not 1: 19 : . 5 . 3 8 9 o E R Y U 1 O S D F G H C K L C V B N M V. . V mand 30 command option recorded Nu suppreso put yri tep. To provide better store of mountain bikes and take when not in use, the company rente storage shed for year, paying $2,400 (200 per month in advance Bp. 21 Tony conducte roke in line. The company receive 31,300 Oct. 17 Tony conduct an orienterin elinie. Nie ponte practice how to understand & topographical map read Deel 1 Tiny deed de to hold the company's first terrace on Dec 1. Four person will race from checkpoint to checkpointing a combination of mountain bin, kaya sering trail running and rock-bits. Theiraten in each category to complete all checkpoints in order the entry fem toresh to 1500 Dec. To top sis and promote the TC, Tony i college rooste, Victor Victor will be paid 550 salary for each tean that comes in the salary will paid after the race Dee The company pays 55,205 to purchase peraltro state park where there will be held. The met mellaneous Dec. 12 The The company pre racing for $3,000 cont de 30 day. Supplies include trophies for the top-tinking to each or promotional shit shack food and drinks for participants and field Dec. 15 The company receive 320,000 cash from a total of forty time and the race to hold Dec. 16 The company paye Victory of $2,000. Dec. The company ye divat 14,000 $2,000 to Tony And 12,000 to use tee. Din his persona. Tony purchases diamond ring for $4,500. Tony surprises nie by proposing that they get red. Si accepts and they married The following information relates to year-end adjusting entries as of December 31, 2021 a Depreciation of the mountain bike purchased on July 8 and kayaks purchased on August 4 totais $8.000 b. Six months of the one year insurance policy purchased on July 1 has expired Four months of the one year rental agreement purchased on September has expired d. Of the SuBoo of office supplies purchased on July 4 $300 remains e. Interest expense on the $30,000 loan obtained from the city council on August should be recorded t of the $2,800 of racing supplies purchased on December 12, 5200 remains Suzie calculates that the company awes $14.000 in income taxes Regume Genera General Statement of Income Toumat Trial Balance Lage Statement Balance Sheet SE Prepare the four entries for transaction. If no entry is required for transactions No Souma entry or in the first accounted ocBook 30 25 og be 1 OP 2 S 4 3 5 6 7 8 9 . 0 E R T Y U O S D F G I J L MacBook ALLA 30 go FA Seve Che On July 1, 2021, Tory and Suzie organize their new company as a corporation, Great Adventures inc. The articles of incorporation state that the corporation wilse 20,000 shares of common stock for steach 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 1though December 31 Ju Belt 510,000 of cookie 1, 110,04 | thit k v Thanh del Pure year naurace pot for 1.000 15400 pm to correto per utdoor Jul 31 of 1,500 VER TO ol Inch office supplier of 17.100 w for one of one per te permintaan die bed 15 Atends will be there that the Jul 10 Win 117,000 cash hul. 11 the day at the alle, die het 83, from any constate the line lecane of the of the time wholde another in the company is $3,310 17006 alustation for filtraly. A kayaking one will be 1. An atteny so the of the de recev 14,000 tranor for sheetne kayakiniai 1 Gratletudine $30,000 for the car the elty wity Iveco etwated out to the loan to us the s, al techo 1 The 14.00 h 10 Titial layers pay $3,000 $150 iddition to the 14,000 that we paid in die only 29. on the day of the clinse to conduct the First Wayak tine ur. tonycodete od kaya ito, and $10.00 16 ore supplieto pure are allo Det er all you not the other to yet. in 12.403205 ) 21 Taro The 3,00 . - At through it was the core 17.00 to hold the company time entre os 15. po will be from point to check out twins, trall To the ty ta molte alta de wine. The try to TE De Toilette, Vit Vit I lary for the awary Thee 18.2. where the Wild The D. The tor 13. to 30 Septeur the MacBook Air 2 3 5 6 7 00. 1 O 9 . Q E R T Y U O S D F G H J L : N MacBook Air 15 a 80 DI FE DD 2 3 $ 4 * 5 0 > 8 7 00 9 2 O W E R T Y U O S D F G H . J K L 1: 19 : . 5 . 3 8 9 o E R Y U 1 O S D F G H C K L C V B N M V. . V mand 30 command option recorded Nu suppreso put yri tep. To provide better store of mountain bikes and take when not in use, the company rente storage shed for year, paying $2,400 (200 per month in advance Bp. 21 Tony conducte roke in line. The company receive 31,300 Oct. 17 Tony conduct an orienterin elinie. Nie ponte practice how to understand & topographical map read Deel 1 Tiny deed de to hold the company's first terrace on Dec 1. Four person will race from checkpoint to checkpointing a combination of mountain bin, kaya sering trail running and rock-bits. Theiraten in each category to complete all checkpoints in order the entry fem toresh to 1500 Dec. To top sis and promote the TC, Tony i college rooste, Victor Victor will be paid 550 salary for each tean that comes in the salary will paid after the race Dee The company pays 55,205 to purchase peraltro state park where there will be held. The met mellaneous Dec. 12 The The company pre racing for $3,000 cont de 30 day. Supplies include trophies for the top-tinking to each or promotional shit shack food and drinks for participants and field Dec. 15 The company receive 320,000 cash from a total of forty time and the race to hold Dec. 16 The company paye Victory of $2,000. Dec. The company ye divat 14,000 $2,000 to Tony And 12,000 to use tee. Din his persona. Tony purchases diamond ring for $4,500. Tony surprises nie by proposing that they get red. Si accepts and they married The following information relates to year-end adjusting entries as of December 31, 2021 a Depreciation of the mountain bike purchased on July 8 and kayaks purchased on August 4 totais $8.000 b. Six months of the one year insurance policy purchased on July 1 has expired Four months of the one year rental agreement purchased on September has expired d. Of the SuBoo of office supplies purchased on July 4 $300 remains e. Interest expense on the $30,000 loan obtained from the city council on August should be recorded t of the $2,800 of racing supplies purchased on December 12, 5200 remains Suzie calculates that the company awes $14.000 in income taxes Regume Genera General Statement of Income Toumat Trial Balance Lage Statement Balance Sheet SE Prepare the four entries for transaction. If no entry is required for transactions No Souma entry or in the first accounted ocBook 30 25 og be 1 OP 2 S 4 3 5 6 7 8 9 . 0 E R T Y U O S D F G I J L MacBook ALLA 30 go FA Seve Che On July 1, 2021, Tory and Suzie organize their new company as a corporation, Great Adventures inc. The articles of incorporation state that the corporation wilse 20,000 shares of common stock for steach 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 1though December 31 Ju Belt 510,000 of cookie 1, 110,04 | thit k v Thanh del Pure year naurace pot for 1.000 15400 pm to correto per utdoor Jul 31 of 1,500 VER TO ol Inch office supplier of 17.100 w for one of one per te permintaan die bed 15 Atends will be there that the Jul 10 Win 117,000 cash hul. 11 the day at the alle, die het 83, from any constate the line lecane of the of the time wholde another in the company is $3,310 17006 alustation for filtraly. A kayaking one will be 1. An atteny so the of the de recev 14,000 tranor for sheetne kayakiniai 1 Gratletudine $30,000 for the car the elty wity Iveco etwated out to the loan to us the s, al techo 1 The 14.00 h 10 Titial layers pay $3,000 $150 iddition to the 14,000 that we paid in die only 29. on the day of the clinse to conduct the First Wayak tine ur. tonycodete od kaya ito, and $10.00 16 ore supplieto pure are allo Det er all you not the other to yet. in 12.403205 ) 21 Taro The 3,00 . - At through it was the core 17.00 to hold the company time entre os 15. po will be from point to check out twins, trall To the ty ta molte alta de wine. The try to TE De Toilette, Vit Vit I lary for the awary Thee 18.2. where the Wild The D. The tor 13. to 30 Septeur the MacBook Air 2 3 5 6 7 00. 1 O 9 . Q E R T Y U O S D F G H J L : N MacBook Air 15 a 80 DI FE DD 2 3 $ 4 * 5 0 > 8 7 00 9 2 O W E R T Y U O S D F G H . J K L