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Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a
Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking. rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $860 each. July 171 July 31 August 12 August 22 Purchased 104 watches for $15,600 ($150 per watch) on account, Sold 76 watches for $65,360 cash. Purchased 76 watches for $12,160 ($160 per watch) cash. Sold 66 watches for $56,760 on account. September 19 Paid for watches purchased on July 17. September 27 Receive cash of $34,056 for watches sold on account on August 22. Purchased 170 watches for $27,540 ($162 per watch) cash. October 27 November 20 December 4 December 8. Sold 146 watches for $125,560 cash. Purchased 136 watches for $23,392 ($172 per watch) on account. Sold 76 watches for $65,360 on account. Great Adventures, Incorporated Accounts Trial Balance December 31, 2025 Debit Credit $37,310 42,000 $ 4,200 63,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable Interest Payable Terma Tay Davahla 33,000 6,400 1,650 16: 100
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