Please help me complete the General Journal from August 1st through December 31st. I have already completed all of July, so please do not waste time on July.
Tony and Suzie graduate from college in May 2024 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams 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, 2024, Tony and Suzie organize their new company as a corporation, Great Adventures Incorporated The articles of incorporation state that the corporation will sell 25,000 shares of common stock for $1 each. Each share of stock represents a unit of ownership. Tony and Suzie will act as co-presidents of the company. The following business activities occur during July for Great Adventures. altimeter, use a compass, and orient through heavily wooded areas. The company receives $19, 000 cash. team is $660. each team that competes in the race. His salary will be paid after the race. a miscellaneous expense. prepare the racecourse. December 15 The company receives $26,400 cash from a total of forty teams, and the race is held. December 16 The company pays Victor's salary of $1,600 December 31 The company pays a dividend of $4,300 (\$2,150 to Tony and $2,150 to Suzie). married. Suzie accepts and they get married! The following information relates to year-end adjusting entries as of December 31, 2024. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $6,060. b. Six months' of the one-year insurance policy purchased on July 1 has expired. c. Four months of the one-year rental agreement purchased on September 1 has expired. d. Of the $1,800 of office supplies purchased on July 4,$240 remains. e. Interest expense on the $31,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,900 of racing supplies purchased on December 12,$120 remains. g. Suzie calculates that the company owes $14,300 in income taxes. Tony and Suzie graduate from college in May 2024 and begin developing their new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold their first adventure races. These races will involve four-person teams 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, 2024, Tony and Suzie organize their new company as a corporation, Great Adventures Incorporated The articles of incorporation state that the corporation will sell 25,000 shares of common stock for $1 each. Each share of stock represents a unit of ownership. Tony and Suzie will act as co-presidents of the company. The following business activities occur during July for Great Adventures. altimeter, use a compass, and orient through heavily wooded areas. The company receives $19, 000 cash. team is $660. each team that competes in the race. His salary will be paid after the race. a miscellaneous expense. prepare the racecourse. December 15 The company receives $26,400 cash from a total of forty teams, and the race is held. December 16 The company pays Victor's salary of $1,600 December 31 The company pays a dividend of $4,300 (\$2,150 to Tony and $2,150 to Suzie). married. Suzie accepts and they get married! The following information relates to year-end adjusting entries as of December 31, 2024. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $6,060. b. Six months' of the one-year insurance policy purchased on July 1 has expired. c. Four months of the one-year rental agreement purchased on September 1 has expired. d. Of the $1,800 of office supplies purchased on July 4,$240 remains. e. Interest expense on the $31,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,900 of racing supplies purchased on December 12,$120 remains. g. Suzie calculates that the company owes $14,300 in income taxes
