Hello can I please get some help solving the T-Accounts (question 3 and 7) and also the adjusted trial balence(question 4).

Hi, I hope this helps with answering the previous question.

[The following information applies to the questions displayed below.] 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. 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 40.000 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. July 8 buring clinic to be held on July 15. Attendees witl be charged $70 the day of the clinic. July 15 On the day of the clintes, paying $11,900 cash. On the day of the clinic, Great Adventures receives cash of $4,200 in totat from 60 bikers. Tony July 22 Because of the success of the first mountain biking clinic, Tony and Suzie holds another July 24 nountain biking clinic and the company receives $4,700. be held on a local radio station for advertising to appear innediately. A kayaking clinic will Juty 30 Great Adventures receives total cash of $11,260 in advance from $0 on the day of the clinic. kayak clinic. The following transactions occur over the remainder of 2024. August 1 Great Adventures obtains a $35, 000 low-interest loan for the company from the city council, which has recently passed an initiative encouraging business developnent related to outdoor August 4 The activities. The loan is due in three years, and 68 annual interest is due each year on July 31. August 10 Tony and Suziechases 14 kayaks, paying $21,600 cash. advance fozie conduct the first kayak clinic. In addition to the $11,200 that was received in advance from kayakers on July 30 , the company receives additional cash of $3,80 from twenty new August 17 Tayakers on the day of the clinic. August 17 Tony and Suzie conducts a second kayak clinic, and the company receives $11,400 cash. August 24 office supplies of $1,408 purchased on July 4 are paid in fult. September 1 To provide better storage of mountain bikes and kayaks when not in use, the company rents a storage shed for one year, paying $3,960 ( $330 per nonth) in advance. September 21 Tony and Suzie conduct a rock-climbing clinic. The company receives $13,400 cash. october 17 Tony and Suzie conduct an orienteering clinic. Participants practice how to understand a topographical map, read an altimeter, use a compass, and orient through heavily wooded areas. The company receives $18,500 cash. December 1 Tony and Suzie decide to hold the company's first adventure race on December 15. Four-person teams will race from checkpoint to checkpoint using a combination of mountain biking, kayaking, orienteering, trail running, and rock-climbing skills. The first team in each category to complete all checkpoints in order wins. The entry fee for each tean is $690. December 5 To help organize and promote the race, Tony hires his college roomate, Victor. Victor will be paid $60 in salary for each team that competes in the race. His salary will be paid after the race. December 8 The company pays $1,300 to purchase a permit from a state park where the race will be held. The amount is recorded as a miscellaneous expense. December 12 The company purchases racing supplies for $2,300 on account due in 30 days. Supplies include trophies for the top-finishing teams in each category, promotional shirts, snack foods and drinks for participants, and field markers to prepare the racecourse. December 15 The company receives $27,600 cash from a total of forty teams, and the race is held. December 16 The company pays Victor's salary of $2,400. December 31 The company pays a dividend of $3,70e ( $1,850 to tony and $1,850 to Suzie). December 31 Using his personal noney, Tony purchases a dianond ring for $4,900. Tony surprises Suzie by proposing that they get married. Suzie accepts and they get marriedt The following information relates to year-end adjusting entries as of December 31, 2024. a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,100. b. Six months' of the one-year insurance policy purchased on July 1 has expired. c. Four months of the one-year rental agreement purchased on September 1 has expired. d. Of the $1,400 of office supplies purchased on July 4,$270 remains. e. Interest expense on the $35,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,300 of racing supplies purchased on December 12,$100 remains. 9. Suzie calculates that the company owes $14,800 in income taxes. 3. Post transactions from July 1 through December 31 and adjusting and closing entries on December 31 to T-accounts. 7. Post the closing entries of retained earnings to the T-account. 3. Post transactions from July 1 through December 31 and adjusting and closing entries on December 31 to T-accounts. 7. Post the closing entries of retained earnings to the T-account. 4. Prepare an adjusted trial balance as of December 31, 2024. The following information relates to year-end adjusting entries as of December 31,2024 . a. Depreciation of the mountain bikes purchased on July 8 and kayaks purchased on August 4 totals $8,100. b. Six months' of the one-year insurance policy purchased on July 1 has expired. c. Four months of the one-year rental agreement purchased on September 1 has expired. d. Of the $1,400 of office supplies purchased on July 4,$270 remains. e. Interest expense on the $35,000 loan obtained from the city council on August 1 should be recorded. f. Of the $2,300 of racing supplies purchased on December 12,$100 remains. g. Suzie calculates that the company owes $14,800 in income taxes. Required: Record transactions from July 1 through December 31. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field.) Required: 1. Record transactions from July 1 through December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Required: 1. Record transactions from July 1 through December 31. (If no entry is required for a transaction/event, select "No journal ent required" in the first account field.) Required: 1. Record transactions from July 1 through December 31. (If no entry is required for a transaction/event, select "No journal en required" in the first account field.) Required information 2. Record adjusting entries as of December 31,2024 . (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)