Required information Great Adventures Problem AP2-1 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 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, 2021. Tony and Suzie organize their new company as a corporation, Great Adventures inc The articles of incorporation state that the corporation will sell 25,000 shares of common stock for Steach 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 Jul 15-11 13.500 of stock to Sutie Juli 1 Sell 112.500 o Con stock to Towy. 101 Parchet intut. policy for 15.640 (1470 peth) to cover injuries to partit during outdoor clince, Tel. 2 y les fes of 11.100 ist with incorporati. Juli Puc office list of 11,400 JUL TPN 1100 to local ever for hvertising to prediately for wing Mountain bike elinto the held on July 15. Attendees will be chared 10 the day of the line Purchase 10 ut sin vies. win $10,000 ch Ju. 15 the dy of cline. Gre Adventures of 13.600 F 60 bikers. Torey con the mountain ist eine Ju 22 Bf the one of the first in clinic. Towy holde with a bikin elinie wid the River 1.200. Jol 34 5770 local station for advertito per ditely Asking line will be held August 10, 3120 incor 1170 on the day of the line 30 Aventure receive shot 16.000 advance fryse for the point de elini. Expert Q&A Done Prepaid Insurance 12 500 5,640 July 2 July 7 July 1 July 1 Prutya ye 12,500 July 1 1.1002 July 7 Puly 15 July 24 July 1 July 4 July 8 End bal by 22 July 30 End hal Supplies Equipment Endal Endbol Accounts Payable Deferred Revenue End bal End bal Cono Stock Service Reven End bal Endu End