The assignment is telling me Part 3 (the T charts) is incomplete. Please help me find what im missing.

Note:

It says to put only transactions from Aug 1 - Dec. 31.

Cash account already had the beginning balance for July Transactions

Also, please assist with Part 5 (balance sheet) of the assignment. I can't get it to balance.

thank you

Great Adventures Problem AP3-1 [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 28,000 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 $14,000 of common stock to Suzie. Jul. 1 Sell $14,000 of common stock to Tony. Jul. 1 Purchase a one year insurance policy for $5,160 (5430 per month) to cover injuries to participants during outdoor clinics. Jul. 2 Pay legal fees of $1,000 associated with incorporation Jul. 4 Purchase office supplies of $1,700 on account. Jul. 7 Pay for advertising of $330 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 $15,600 cash. Jul. 15 On the day of the clinic, Great Adventures receives cash of $2,800 from 70 bikers. Tony conducts the mountain biking clinic. Jul. 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company receives $3,300. Jul. 24 Pay $740 to a local radio station for advertising to appear immediately. A kayaking clinic will be held on August 10, and attendees can pay $120 in advance or $170 on the day of the clinic. Jul. 30 Great Adventures receives Cash of $7,200 in advance from 60 kayakers for the upcoming kayak clinic. Aug. 1 Great Adventures obtains a $46,000 low-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 $16,800 cash. Aug. 10 Twenty additional kayakers pay $3,480 ($170 each), in addition to the $7,200 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 $11,100 cash. Aug. 24 Office supplies of $1,700 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 $3,840 ($320 per month) in advance. Sep. 21 Tony conducts a rock-climbing clinic. The company receives $13,300 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 $19,680 cash. Dec. 1 Tony decides to hold the company's first adventure race on December 15. Four-person teams will race fron 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 $690. Dec. 5 To help organize and promote the race, Tony hires his college roommate, Victor. Victor will be paid $60 in Salary for each team that competes in the race. His salary will be paid after the race. Dec. 8 The company pays $1,600 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 $2,000 on account due in 30 days. Supplies include trophies for the top-finishing teams in each category, promotional shirts, snack foods and drinks for participants, and field markers to prepare the racecourse. Dec. 15 The company receives $27,600 cash fron a total of forty teams, and the race is held. Dec. 16 The company pays Victor's salary of $2,400. Dec. 31 The company pays a dividend of $4,100 ($2,050 to Tony and $2,05e to Suzie). Dec. 31 Using his personal money, Tony purchases a diamond ring for $3,900. 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 $7,000. 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 $1.700 of office supplies purchased on July 4, $340 remains. e. Interest expense on the $46,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,000 of racing supplies purchased on December 12. $130 remains g. Suzie calculates that the company owes $13.900 in income taxes. Great Adventures Problem AP 3-1 Part 3 3. Post transactions from August 1 through December 31 and adjusting entries on December 31 to T-accounts. Prepaid Insurance Cash 18,470 46,000 3,400 Beg Bal. Jul 1 5,160 2,580 Dec 31 Beg Bal Aug 1 Aug. 10 Aug. 17 Sep. 21 Oct 17 Dec. 15 11.100 End Bal 2.580 16,800 Aug. 4 1.700 Aug. 24 3,840 Sep. 1 1.600 Dec 8 2.400 Dec 16 4.100 Dec 31 13,300 19,000 27,600 End. Bal. 108 430 Prepaid Rent Supplies (Office) Beg Bal. Sep 1 Beg Bal. Jul 4 3,840 1.280 Dec 31 1.700 in 1.360 Dec 31 End Bal 2,560 End. Bal 340 Supplies (Racing) Equipment (Bikes) Beg Bal Beg Bal Jul 8 Dec 12 2,000 1,870 Dec 15,600 End. Bal. End Bal 15,600 Equipment (Kayaks) Accumulated Depreciation Beg Bal Beg Bal Aug 4 16,800 7,000 Dec 31 End Bal 16,800 End Bal 7,000 Accounts Payable Deferred Revenue Beg Bal Aug 24 Beg Bal Aug 10 1,700 7,200 7 200 Jul 30 1,700 Jul 4 2,000 Dec 12 2,000 End Bal End. Bal Interest Payable Income Tax Payable Beg Bal Bog Bal 1,150 Dec 13,900 Dec 31 End Bal. 1,150 End Bal 13,000 Notes Payable Common Stock Beg Bal Beg Bal 28,000 46,000 Aug 1 End. Bal. 46,000 End. Bal 28.000 Dividends Beg Bal Beg Bal Dec 31 4 100 Service Revenue (Clinic) 6,100 10,600 Aug 10 11,100 Aug 17 13,300 Sep. 21 19,000 oct 17 End. Bal. 4,100 End Bal 60,100 Service Revenue (Racing) Advertising Expense 1,070 Beg Bal Beg Bal 27,600 Dec 15 End. Bal 27 600 End Bal 1,070 Miscellaneous Expense Legal Fees Expense 1,000 Beg. Bal. Beg Bail Dec 8 1,600 End Bal End Bal 1,600 Salaries Expense Depreciation Expense Beg Bal Beg Bal Dec 31 Dec 16 2,400 7,000 End Bal 2,400 End Bal 7 000 Insurance Expense Rent Expense Beg Bal Dec 31 Beg Bal Dec 31 2,580 1280 End Bal 2.580 End Ball 1,280 Supplies Expense (Office) Supplies Expense (Racing) Beg Bal Beg Ba Dec 31 1,360 Dec 31 1,870 End. Bal 360 End Ba Interest Expense Income Tax Expense Beg. Bal. Dec 31 Beg Bal Dec 31 1,150 13,900 End. Bal. 1,150 End. Bal 13,900 Required information For the period July 1to December 31, 2021. prepare an income statement, statement of stockholders equity and classified balance heel Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Prepare a dassified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) Assets GREAT ADVENTURES, Inc. Balance Sheet December 31, 2021 Liabilities Current Liabilities 108.430 Accounts Payable 340 Income Tax Payable 1307 Interest Payable Current Assets Supplies (Office) Supplies (Racing) Prepaid Insurance Prepaid Rent 17,050 13.050 Total Current Assets Long-term assets Equipment (Bikes) Equipment (Kayaks) Accumulated Depreciation 2,560 Total Current Liabilities Notes Payable 114,040 Total Liabilities Stockholders' Equity 15,600 Common Stock 16.800 Retained Earnings 7.000 Total Stockholders' Equity 153,440 Total Liabilities and Stockholders' Equity 20.000 48,390 70 390 139,440 Total Assets $ $