This is a ACCT question, help me to comply those questions.
1' The following information applies to the questions dispr'ayed below] Tony and Suzie graduate from college in May 2018 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 checkpomtto 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 emhusiasts. On July 1, 2018, Tony and Suzie organize their new company as a corporation, Great Adventures Inc The anicles of incorporation state that the corporation will sell 37,000 shares of common stock for $1 each. Each share of stock represents a unit of ownership. Tony and Suzie will act as corpresidents ofthe company. The following business activities occur during July for Great Adventures. Jul. 1 Sell $18,500 of common stock to Suzie. Jul. 1 Sell $18,500 of common stock to Tony. Jul. 1 Purchase a one-year insurance policy for $5,880 [$490 per month} to cover Injuries to participants during outdoor CllnlCS. Jul. 2 Pay legal fees 0151200 associated wrth incorporation Jul. 4 Purchase ofce supplies of $'l,200 on account. Jul. 7 Pay for advertising of $230 to a local newspaper for an upcoming mountain biking clinic to be held on July 15. Attendees Will be charged $30 the day of the clinic. Jul. B Purchase 10 mountain bikes, paying $10,900 cash. Jul. 15 On the day of the clinic, Great Adventures receives cash of $2400 from 80 bikers. Tony conducts the mountain biking clinic. Jul. 22 Because of the success ofthe rst mountain biking clinic, Tony holds another mountain biking clinic and the company receives $2,900. Jul. 24 Pay for advertising of $720 to a local radio station for a kayaking clinic to be held on August 10. Attendees can pay $110 in advance or $'l60 on the day of the clinic. Jul. 30 Great Adventures receives cash of $8,800 in advance from 80 kayakers for the upcoming kayak clinic. 2. Post each lransaclion to the appropriate T-accpunls and calculate the ending balance of each account \f3. Prepare atrial balance. (The items in the Trial Balance should be grouped as follows: Assets, Liabilities, stockholders' Equity, Revenue and Expenses} Totals 55 D $ D