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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 few

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 $600 each. July 17 Purchased 65 watches for $9,750($150 per watch) on account. July 31 Sold 50 watches for $30,000 cash. August Purchased 50 watches for $8,000($160 per watch) cash. AUgust 22 Sold 40 watches for $24,000 on account September 19 Paid for watches purchased on July 17. September 27 Receive cash of $14,400 for watches sold on account on August 22. Detober 27 Purchased 105 watches for $18,375($175 per watch) cash. Hoverber 20 Sold 100 watches for $60,000 cash. Purchased 110 watches for $20,350($185 per watch) on account. December : Sold 50 watches for $30,000 on account. Great Adventures, Incorporated Trial Balance December 31,2025Now 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 $600 each.
July 17 Purchased 65 watches for $9,750( $150 per watch) on account.
Sold 50 watches for $30,000 cash.
Purchased 50 watches for $8,000( $160 per watch) cash.
Sold 40 watches for $24,000 on account.
September 27 aid for watches purchased on July 17.
October 27 Pureive cash of $14,400 for watches sold on account on August 22.
November 20 Sold 105 watches for $18,375( $175 per watch) cash.
for $60,000 cash.
December 8 Sold 50.110 watches for $20,350( $185 per watch) on account.
\table[[Great Ad,\table[[Adventures, Incorpo],[Trial Balance],[December 31,2025]],Debit,],[Cash,,$36,920,Credit],[Accounts Receivable,,29,000,],[\table[[Allowance for Uncollectible],[Inventory]],Accounts,,$2,900
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