sorry do not answer. i posted the wrong one

[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 20,000 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 from July 1 through December 31 Jul. 1 Sell $10,000 of common stock to Suzie. Jul. 1 Sell $10,000 of common stock to Tony. Jul. 1 Purchase a one-year sinsurance policy for $4,800 ($400 per month) to cover injuries to participants during outdoor clinics Jul. 2 Pay legal fees of $1.500 assocted with incorporation. Jul. 4 Purchase office support on account. Jul. 7 Pay for advertising of $300 totocal newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees be char ca $50 on the day of the clinic. Jul. 8 Purchase 10 mountainbikes Day $12,000 cash. Jul. 15 On the day of the line. Great Adventures receives cash of $2,000 from 40 bikers. Tony conducts the mountain biking Cina. Jul. 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives $2,300 Jul. 24 Pay $700 to a local radio station to advertising to appear immediately. A kayaking clinic will be held on August 10, and attendees can say $100 in advance or $150 on the day of the clinic. Jul. 30 Great Adventure receives Cash of $4.00 in advance fron 40 kayakers for the upcoming kayak clinic. Aug. 1 Great Adventures obtain ww-interest loan for the company from the city council, which 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 $28,000 cash. Aug. 10 Twenty additional kayakers pay $3,000 ($150 each), in addition to the $4,000 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 $10.500 cash. Aug. 24 Office supplies of $1.800 ourchased on July 4 are paid in full [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 20,000 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 from July 1 through December 31 Jul. 1 Sell $10,000 of common stock to Suzie. Jul. 1 Sell $10,000 of common stock to Tony. Jul. 1 Purchase a one-year sinsurance policy for $4,800 ($400 per month) to cover injuries to participants during outdoor clinics Jul. 2 Pay legal fees of $1.500 assocted with incorporation. Jul. 4 Purchase office support on account. Jul. 7 Pay for advertising of $300 totocal newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees be char ca $50 on the day of the clinic. Jul. 8 Purchase 10 mountainbikes Day $12,000 cash. Jul. 15 On the day of the line. Great Adventures receives cash of $2,000 from 40 bikers. Tony conducts the mountain biking Cina. Jul. 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives $2,300 Jul. 24 Pay $700 to a local radio station to advertising to appear immediately. A kayaking clinic will be held on August 10, and attendees can say $100 in advance or $150 on the day of the clinic. Jul. 30 Great Adventure receives Cash of $4.00 in advance fron 40 kayakers for the upcoming kayak clinic. Aug. 1 Great Adventures obtain ww-interest loan for the company from the city council, which 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 $28,000 cash. Aug. 10 Twenty additional kayakers pay $3,000 ($150 each), in addition to the $4,000 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 $10.500 cash. Aug. 24 Office supplies of $1.800 ourchased on July 4 are paid in full