Saved 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 the 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 26,000 shares of common stock for Sleach Each share of stock represents a unit of ownership. Tony and Suzie wil act as co-presidents of the company. The following business activities occur during July for Great Adventures ul ul. Soll $13,000 of common stock to Suzie 1 Sell $13,000 of common stock to Tony Bu 1 Purchase one year insurance policy for $4.500 (5400 per onth) to cover injuries to participants during outdoor clinics ul. Pwyll fees of $1,700sociated with incorporation Purchase office supplies of $1.00 on account July $150 to local newspaper for hvertising to appear immediately for upcoming mountain biking clinic to be held on July 15. Attendees will be charged the day of the clinic Purchase 10 mountain bikes in $11,500 cash Jul 15 on the day of the Chineet Adventures receives ath of 5), from Bikers Tomy conduct the mountain SINIR EL Jul 22 Because of the cost of the first mountain Biking link, Tony holds the mountain biking clinic and the Con receives 14.100 Jul 24 av to local restation for hvertising to redately. A bayaking dinit will be held on At 10, stawy $1.48 in dvance $190 the day of the chini Jule Great Aventures receives of 18.00 in advance aylare for the coming yakini Required information 1. Record each transaction in July (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 Sell $13,000 of common stock to Suzie. Note: Entet debits before credits General Journal Date July 01 Debit Credit Saved 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 the 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 26,000 shares of common stock for Sleach Each share of stock represents a unit of ownership. Tony and Suzie wil act as co-presidents of the company. The following business activities occur during July for Great Adventures ul ul. Soll $13,000 of common stock to Suzie 1 Sell $13,000 of common stock to Tony Bu 1 Purchase one year insurance policy for $4.500 (5400 per onth) to cover injuries to participants during outdoor clinics ul. Pwyll fees of $1,700sociated with incorporation Purchase office supplies of $1.00 on account July $150 to local newspaper for hvertising to appear immediately for upcoming mountain biking clinic to be held on July 15. Attendees will be charged the day of the clinic Purchase 10 mountain bikes in $11,500 cash Jul 15 on the day of the Chineet Adventures receives ath of 5), from Bikers Tomy conduct the mountain SINIR EL Jul 22 Because of the cost of the first mountain Biking link, Tony holds the mountain biking clinic and the Con receives 14.100 Jul 24 av to local restation for hvertising to redately. A bayaking dinit will be held on At 10, stawy $1.48 in dvance $190 the day of the chini Jule Great Aventures receives of 18.00 in advance aylare for the coming yakini Required information 1. Record each transaction in July (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 Sell $13,000 of common stock to Suzie. Note: Entet debits before credits General Journal Date July 01 Debit Credit