P2- Upon graduating in May, Tony and Suzve begin developing their business. On July 1.2021 they organite their new company as a corporation, Great Adventures. Inc. The articie: incorporation state that the corporation will sell 20,000 shares of common stock. for $1 each. The following business activities occur during lisly for Great Adventures: July 1 Sell 510.000 of common stock each to Suzie and Tony July 1 . Purchase a 1 year insurance policy for $4,800($400 per month) to cover any Personal iryuaries to participants during outdoor clinics July2 Pay legal fees of 51,500 assoclated with the incorporation of the Company Vuly 5) Purchase 51.500 of otfice supplies on account Nhi8 Purchase 10 mountain bikes for $12,000cath July 15 Great Adventates receives cash ot $2,000 from 40 bikers for a mountain bike Clinic: July25 Creat Adrentures recelwes cash of 54,000 in ADVANCE from 40 kayakers for an Upcomins kavak clinks Pequired: 1. Record each transaction in the General lournal ishow date, accounts, anounts and identily the debi and credit for each tranaction) 2. Prepare a trial batence based on the trarisactions in 1 above