The following trankstions oseur over the remainder of 2024 . Ang. 1 Great Adveritures obtains a $30,000 low-interest loan for the company from the cary council, which has recently passed an initiative encouragiag buiness development related to cutdoor activities. The loan is due in three yeark, and 6% annual interest is dot each year on Jaly 31 Aug 4 The company purchases 14 kayaks, paying $28,000 cash Aug. 10 Tory and Surie conduct the first kayak clinic. In addition to the $4,000 that was recerved in advance from kayakers on July 30 , the company recerives additional cash of 53,000 from 20 new kayakers on the day of the clinic: Aug. 17 Tony and Suzie conduct a second kayak clinic, and the company receives $10,500 cash Aug 24 Office supples of $1,800 purchased on July 4 are paid in fall. Sep. 1 To provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed for one year, prying $2,400 ( $200 per month) in advance. Sep. 21 Tony and Surie conduct a rock-climbing clinic. The company receives $13,200 cash Ott 17 Tony and Surie conduct an orienteering clinic. Participants practice how to understand a topographical map. read an altimeter, lase a compass, and orient through heavily wooded areas. The company receives $17,900 cash Dec 1 Tony and Suzie decide to hold the company's first adventure race on December 15. Four-person teams will race from checkpount to checkpoust using a combination of mocintain biking, kayaking, orienteering, trail running. and rock-climbing skill. The fint leam in each category to complete all checkpoints in order wins. The entry fee for each tean is $500. Dec $ To help organize and promote the race, Toay hires his college roommate, Victor. Victor will be paid $50 in salary for each team that competes in the race His salary wall be paid after the race. Dec & The company pays $1,200 to purchase a permit from a stase pak wbere the race will be held. The amount is recorded as a eniscellaneous expense. Dec 12 The company purchases racing supplies for $2,800 on account due in 30 days. Supplies include trophies for the top-finishing teams in each category, promotional ahirts, snack foods and drinks for participants, and field makers to prepare the racecourse. Dec 15 The company receives $20,000 cash from a total of forty teams, and the race is held. Dec 16 The company pays Victor's salary of $2,000. Dee 31 The company pays a diridend of $4,000 ( $2,000 to Tony and $2,000 to Suzie). Dee 31 Using his perional money, Tony purchases a dimsond ring for $4,500. Tony surprises Suzie by ptoposing that they get marned Suzie accepts and they get matried! The following trankstions oseur over the remainder of 2024 . Ang. 1 Great Adveritures obtains a $30,000 low-interest loan for the company from the cary council, which has recently passed an initiative encouragiag buiness development related to cutdoor activities. The loan is due in three yeark, and 6% annual interest is dot each year on Jaly 31 Aug 4 The company purchases 14 kayaks, paying $28,000 cash Aug. 10 Tory and Surie conduct the first kayak clinic. In addition to the $4,000 that was recerved in advance from kayakers on July 30 , the company recerives additional cash of 53,000 from 20 new kayakers on the day of the clinic: Aug. 17 Tony and Suzie conduct a second kayak clinic, and the company receives $10,500 cash Aug 24 Office supples of $1,800 purchased on July 4 are paid in fall. Sep. 1 To provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed for one year, prying $2,400 ( $200 per month) in advance. Sep. 21 Tony and Surie conduct a rock-climbing clinic. The company receives $13,200 cash Ott 17 Tony and Surie conduct an orienteering clinic. Participants practice how to understand a topographical map. read an altimeter, lase a compass, and orient through heavily wooded areas. The company receives $17,900 cash Dec 1 Tony and Suzie decide to hold the company's first adventure race on December 15. Four-person teams will race from checkpount to checkpoust using a combination of mocintain biking, kayaking, orienteering, trail running. and rock-climbing skill. The fint leam in each category to complete all checkpoints in order wins. The entry fee for each tean is $500. Dec $ To help organize and promote the race, Toay hires his college roommate, Victor. Victor will be paid $50 in salary for each team that competes in the race His salary wall be paid after the race. Dec & The company pays $1,200 to purchase a permit from a stase pak wbere the race will be held. The amount is recorded as a eniscellaneous expense. Dec 12 The company purchases racing supplies for $2,800 on account due in 30 days. Supplies include trophies for the top-finishing teams in each category, promotional ahirts, snack foods and drinks for participants, and field makers to prepare the racecourse. Dec 15 The company receives $20,000 cash from a total of forty teams, and the race is held. Dec 16 The company pays Victor's salary of $2,000. Dee 31 The company pays a diridend of $4,000 ( $2,000 to Tony and $2,000 to Suzie). Dee 31 Using his perional money, Tony purchases a dimsond ring for $4,500. Tony surprises Suzie by ptoposing that they get marned Suzie accepts and they get matried