Tony and Suzie graduate from college in May $2024$ 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. Prepare an adjusted trial balance as of December $31,2024.$

$\backslash$table$[[$GREAT ADVENTURES, INCORPORATED$],[$Adjusted Trial Balance$],[$December $31,2024],[$Accounts$,$Debit,Credit$],[$Cash$],[$Prepaid Insurance$],[$Prepaid Rent$],[$Supplies $($Office$)],[$Supplies $($Racing$)],[$Equipment $($Bikes$)],[$Equipment $($Kayaks$)],[$Accumulated Depreciation$],[$Accounts Payable$],[$Income Tax Payable$],[$Interest Payable$],[$Notes Payable$],[$Common Stock$],[$Dividends$],[$Service Revenue $($Clinic$)],[$Service Revenue $($Racing$)],[$Advertising Expense$],[$Depreciation Expense$],[$Income Tax Expense$],[$Insurance Expense$],[$Interest Expense$],[$Legal Fees Expense$],[$Miscellaneous Expense$],[$Rent Expense$],[$Salaries Expense$],[$Supplies Expense $($Office$)],[$Supplies Expense $($Racing$)],[$Totals$,$$$,$$$]]$

On July $1,2024,$ Tony and Suzie organize their new company as a corporation, Great Adventures Incorporated The articles of incorporation state that the corporation will sell $24,000$ 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 business activities occur during July for Great Adventures.