vill create a new sole proprietorship, Outdoor Adventure Company, or OAC for short. The business began operations on November 1, 2018. i) (Click the icon to view the transactions.) Read the requirements. Jilities Expense (Util. Exp.); Wages Expense (Wage Exp.); and Telephone Expense (Tele. Exp.). vill create a new sole proprietorship, Outdoor Adventure Company, or OAC for short. The business began operations on November 1, 2018. i) (Click the icon to view the transactions.) Read the requirements. Jilities Expense (Util. Exp.); Wages Expense (Wage Exp.); and Telephone Expense (Tele. Exp.)