please help me prepare adjusted trial balance sheet . the answers i havealready is correct.

G vaporesso - Google Search X @ Semester Project - ACCT-2010-M X 5 Question 5 - Semester Project - C x * Tony and Suzie graduate from c( X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheprodu. Semester Project i Saved Help Save & Exit Submit Check my work 5 Required information Part 4 of 6 [The following information applies to the questions displayed below.] Tony and Suzie graduate from college in May 2021 and begin developing their new business. They begin by offering 3.8 clinics for basic outdoor activities such as mountain biking or kayaking. Upon developing a customer base, they'll hold points 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. eBook On July 1, 2021, Tony and Suzie organize their new company as a corporation, Great Adventures Inc. The articles of Print incorporation state that the corporation will sell 27,000 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 transactions occur References from July 1 through December 31. Jul. 1 Sell $13, 500 of common stock to Suzie. Jul . 1 Sell $13, 500 of common stock to Tony. Jul . 1 Purchase a one-year insurance policy for $4, 680 ($390 per month) to cover injuries to participants during outdoor clinics. Jul . 2 Pay legal fees of $1, 700 associated with incorporation. Jul . 4 Purchase office supplies of $1, 800 on account. Jul . 7 Pay for advertising of $360 to a local newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $40 on the day of the clinic. Jul. 8 Purchase 10 mountain bikes, paying $19, 800 cash. Jul. 15 On the day of the clinic, Great Adventures receives cash of $2, 000 from 50 bikers. Tony conducts the mountain hiking clinic Mc Graw Hill Education M 7 0 7:42G vaporesso - Google Search X @ Semester Project - ACCT-2010-M X 5 Question 5 - Semester Project - C x * Tony and Suzie graduate from c( X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheprodu. Semester Project i Saved Help Save & Exit Submit Check my work 5 Jul. 1 Sell $13, 500 of common stock to Tony. Jul. 1 Purchase a one-year insurance policy for $4, 680 ($390 per month) to cover injuries to participants during outdoor clinics. Jul. 2 Pay legal fees of $1, 700 associated with incorporation. Jul. 4 Purchase office supplies of $1, 800 on account. Part 4 of 6 Jul . 7 Pay for advertising of $360 to a local newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $40 on the day of the clinic. Jul. 8 Purchase 10 mountain bikes, paying $19, 800 cash. Jul. 15 On the day of the clinic, Great Adventures receives cash of $2, 000 from 50 bikers. Tony conducts 3.8 the mountain biking clinic. points Jul. 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives $2, 500. Jul. 24 Pay $910 to a local radio station for advertising to appear immediately. A kayaking clinic will be held on August 10, and attendees can pay $110 in advance or $160 on the day of the clinic. eBook Jul. 30 Great Adventures receives cash of $4, 400 in advance from 40 kayakers for the upcoming kayak clinic. Print Aug . 1 Great Adventures obtains a $42, 000 low-interest loan for the company from the city council, which References has recently passed an initiative encouraging business development related to outdoor activities. The loan is due in three years, and 6% annual interest is due each year on July 31. Aug . 4 The company purchases 14 kayaks, paying $21,000 cash. Aug. 10 Twenty additional kayakers pay $3, 200 ($160 each), in addition to the $4, 400 that was paid in advance on July 30, on the day of the clinic. Tony conducts the first kayak clinic. Aug. 17 Tony conducts a second kayak clinic, and the company receives $11, 300 cash. Aug. 24 Office supplies of $1, 800 purchased on July 4 are paid in full. Sep . 1 To provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed for one year, paying $4, 800 ($400 per month ) in advance. Sep. 21 Tony conducts a rock-climbing clinic. The company receives $13, 700 cash. Oct. 17 Tony conducts an orienteering clinic. Participants practice how to understand a topographical map, read an altimeter, use a compass, and orient through heavily wooded areas. The company receives $18, 500 cash. T - .. . J- - : L - IJ L Mc Graw Education M 1 9 0 7:42G vaporesso - Google Search X @ Semester Project - ACCT-2010-M X 5 Question 5 - Semester Project - C x * Tony and Suzie graduate from c( X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheprodu. Semester Project i Saved Help Save & Exit Submit Check my work 5 sep. 21 iony conducts a rock-climbing clinic. Ine company receives $13, /09 casil. Oct. 17 Tony conducts an orienteering clinic. Participants practice how to understand a topographical map, read an altimeter, use a compass, and orient through heavily wooded areas. The company receives $18, 500 cash. Dec. 1 Tony decides to hold the company's first adventure race on December 15. Four-person teams will Part 4 of 6 race from checkpoint to checkpoint using a combination of mountain biking, kayaking, orienteering, trail running, and rock-climbing skills. The first team in each category to complete all checkpoints in order wins. The entry fee for each team is $620. Dec. 5 To help organize and promote the race, Tony hires his college roommate, Victor. Victor will be 3.8 paid $40 in salary for each team that competes in the race. His salary will be paid after the race. points Dec . 8 The company pays $1, 700 to purchase a permit from a state park where the race will be held. The amount is recorded as a miscellaneous expense. Dec. 12 The company purchases racing supplies for $2, 500 on account due in 30 days. Supplies include eBook trophies for the top-finishing teams in each category, promotional shirts, snack foods and drinks for participants, and field markers to prepare the racecourse. Print Dec. 15 The company receives $24, 800 cash from a total of forty teams, and the race is held. Dec. 16 The company pays Victor's salary of $1, 600. References Dec. 31 The company pays a dividend of $4, 400 ($2, 200 to Tony and $2, 200 to Suzie). Dec. 31 Using his personal money, Tony purchases a diamond ring for $4, 200. Tony surprises Suzie by proposing that they get married. Suzie accepts and they get married! The following information relates to year-end adjusting entries as of December 31, 2021. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,800. 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, $350 remains. e. Interest expense on the $42,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,500 of racing supplies purchased on December 12, $210 remains. Mc Graw i.. . ....." Education 1 9 0 7:43G vaporesso - Google Search X @ Semester Project - ACCT-2010-M X 5 Question 5 - Semester Project - C x * Tony and Suzie graduate from c( X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheprodu. Semester Project i Saved Help Save & Exit Submit Check my work 5 The following information relates to year-end adjusting entries as of December 31, 2021. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,800. b. Six months' of the one-year insurance policy purchased on July 1 has expired. Part 4 of 6 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, $350 remains. e. Interest expense on the $42,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,500 of racing supplies purchased on December 12, $210 remains. 3.8 g. Suzie calculates that the company owes $13,700 in income taxes. points eBook Print 5. For the period July 1 to December 31, 2021, prepare an income statement, statement of stockholders' equity and classified balance sheet. References Complete this question by entering your answers in the tabs below. Income Stmt of Statement Stockholders Balance Sheet Equity For the period July 1 to December 31, 2021, prepare an income statement. GREAT ADVENTURES, Inc. Mc Graw 5 6 Hill Education M 1 7 0 7:43G vaporesso - Google Search X @ Semester Project - ACCT-2010-M X 5 Question 4 - Semester Project - C X Course Hero X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheprodu. Semester Project i Saved Help Save & Exit Submit Check my work 4 4. Prepare an adjusted trial balance as of December 31, 2021. Part 3 of 6 GREAT ADVENTURES, Inc. 3.8 Adjusted Trial Balance points December 31, 2021 Accounts Debit Credit eBook Cash Print Prepaid Insurance 2.340 Prepaid Rent References Supplies (Office) 350 Supplies (Racing) 210 Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation 3,800 Accounts Payable 2,500 Income Tax Payable 13,700 Interest Payable 12 000 Notes Pavable Mc Graw Hill Education M 1 7 7:50G vaporesso - Google Search X @ Semester Project - ACCT-2010-M X 5 Question 4 - Semester Project - C X Course Hero X + X A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252Fmheprodu. Semester Project i Saved Help Save & Exit Submit Check my work 4 ! Required information Interest Payable 42,000 Part 3 of 6 Notes Payable Common Stock 27,000 Dividends 4.400 3.8 Service Revenue (Clinic) points Service Revenue (Racing) Advertising Expense eBook Depreciation Expense Income Tax Expense Print Insurance Expense References Interest Expense Legal Fees Expense Miscellaneous Expense 1,700 Rent Expense Salries Expense Supplies Expense (Office) Supplies Expense (Racing) Totals $ 9,000 $ 94,000 Mc Graw Hill Education M 1 7 7:50