1) Record the transactions in the General Journal

2) Post the Information from the General Journal to the ledger

S&T Adventures obtains a $30,000 loan, due in three years with a 6% interest rate. Aug 1 Aug 4 The company purchases 14 Kayaks, paying $28,000 in cash. Aug 10 Kayaking Clinic- Received $3,000 in cash, in addition to the $4,000 prepaid on July 30th. Aug 17 Tommy offers a second Kayaking Clinic and the company receives $10,500 cash. Aug 24 Office supplies of $1,800 purchased on July 4 are paid in full. Sep. The company rents a storage shed for one year, paid $2,400 in advance. Sep. 21 The company receives $13,200 cash for a clinic. Oct. 17 The company receives $17,900 cash for a clinic. Dec. 1 Tommy decides to hold an adventure race on Dec.15th. Four-person teams will race from checkpoint to checkpoint. The entry fee for each team is $500. Tommy hires Victor to promote the race. Victor will be paid $50 in salary for every team that completes. His salary will be paid after the race. The company pays S1,200 to purchase a permit to use a state park for the race. (Mise. Exp) The company purchases racing supplies for $2,800 on account due in 30 days. A total of 40 teams sign up and the company receives $20,000 cash and the race is held. Victor is paid $2,000 for his salary The company pays dividends of $4,000. ($2000 to Sarah and $2000 to Tommy) Dec. 5 De c. 8 Dec. 12 Dec. 15 Dec. 16 Dec. 31 Trial Balance July 30, 2018 Credit Debit Account Name 800 2,000 300 , ooo 20, dod , 30o Accountsdayable Deferred Revenue Common Stoc ServiceRevenue Clini Service Pevenue (Clin ,000 , So c Page 1 General Journal Post Ref Credit Debit 2018 Description 0,000 Cash 0,0002 Commoh Stock Cash O,o00 5 ance 4, 200 1,5O0 10 12 , 800 13 T 13 16 alu 300 17 9 Jul 200o 12,0002 Cash Cash 22 Sth 2do0 2 Z, 3o0 C ash Sexvice Revenue clmic 700 Cash Cash 0efexe Revenue 32