The following transactions occur over the remainder of the year.

Aug.	1	Great Adventures obtains a $38,000 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, costing $24,700.
Aug.	10	Twenty additional kayakers pay $3,800 ($190 each), in addition to the $11,200 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 $12,100 cash.
Aug.	24	Office supplies of $1,600 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, purchasing a one-year rental policy for $3,600 ($300 per month).
Sep.	21	Tony conducts a rock-climbing clinic. The company receives $14,000 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. Clinic fees total $19,300.
Dec.	1	Tony decides to hold the company