prepared an adjusted trial balance as of december 31,2024. thank you

[The following information applies to the questions displayed below.] 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 36,000 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. \begin{tabular}{|c|c|c|} \hline July & & Sell $18,000 of common stock to Suzie. \\ \hline July & 1 & \begin{tabular}{l} Sell $18,000 of common stock to Tony. \\ Purchase a one-year insurance policy for $6,000 \end{tabular} \\ \hline July & 1 & \begin{tabular}{l} Purchase a one-year insurance policy to cover injuries to participants \\ ( $500 per month) to clinics. \\ during outdoor clith \end{tabular} \\ \hline July & 4 & \begin{tabular}{l} Pay legal fees of $1,800 associated with \\ incorporation. \\ Purchase office supplies of $1,100 on account. \end{tabular} \\ \hline July & 7 & \begin{tabular}{l} Purchase or $290 to a local newspaper for advertising to \\ appear immediately for an upcoming mountain biking \\ clinic to be held on July 15 . Attendees will be \\ charged $60 the day of the clinic. \end{tabular} \\ \hline \begin{tabular}{l} July \\ July \end{tabular} & & \begin{tabular}{l} Purchase 10 mountain bikes, paying $13,600 cash. \\ On the day of the clinic, Great Adventures receives \\ cash of $3,000 in total from 50 bikers. Tony and \\ Suzie conducts the mountain biking clinic. \end{tabular} \\ \hline \end{tabular} clinic, Tory and Surie holds another nountaln biking of $590 on the dity of the elinic. citinto. each year on fuly 31 . eash. on the dey of she elintic. the conpany socetwes $32,000 cant. patid-in furlt? advance. Rarticipanto practios how to underatand a December 1 Zony and Suzle dectids to hold the oompany' 1 fitst adventure race on Decumber 15. Four-person teant oflenteectag, trould running, and rockeclimbing okilis. The first tear in eare category to completce December 5 To help organize and promote the race, Tony hires his college roonate, Victor. Victor will be paid $60 in salary for each teal that competes in the race. His salary 8111 be paid after the race. December 8 . The company pays $1,700 to purchase a permit frol a state park where the race will be heid. The amount is recorded as a niscellanecus expense. December 12 The company porchases racing supplies for $2,800 on account due in 30 days. Supplies Include trophies for the top-finishing teans in each category. promotional shirts, snack foods and drinks for particlpants, and field markers to prepare the racecoure: December 15 The company receives $21,600 cash frce a votat of forty teams, and the race is held. December 16 The company pays Victor's salasy of 52,400 . December 31 The company pays a dividend of $3,600 ( $1,800 to) Tony and $1,800 to Suztel. December 31 Uring his personal money, Tony purchases a dianond fing for $4,200. Tony surpitises Suzfe by proposing that they get marrled. Suzie acoepts and they get married! The following information relutes to year-end adjusting entries as of Deceniler 31,2004. a. Depreciation of the mountain bikes purchased on July 8 and kyyaks parchased on Augut 4 totals $8,000. b. 'Six month' of the one-year insurance policy purchased on July 1 has expirad c. Four months of the one-y car rental agreement purchised on September I has expirod. d. Of the $1,100 of office supplies purchised on July 4,$290 remains. e. Interest expense on the $45,000 loan obtained from the city council en Auguse 1 should be recorded. f. Of the $2,800 of racing supplies purchased on Docember 12,5230 ranains. B. Sufic eateutates that the company owes $13,500 in income thes