Question: The first question on the General Ledger asks for individual entries for each of the business activities listed in the first picture I included. I

 The first question on the General Ledger asks for individual entries
for each of the business activities listed in the first picture I
included. I know this is a super long question, thank you so
much for the help! RWP2-1 (Algo) Great Adventures Problem Tony and Suzie
graduate from college in May 2024 and begin developing their new business.
The first question on the General Ledger asks for individual entries for each of the business activities listed in the first picture I included.
I know this is a super long question, thank you so much for the help!

RWP2-1 (Algo) Great Adventures Problem 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 21,000 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 1 Sell $10,500 of common stock to Suzie. July 1 Sell $10,500 of common stock to Tony. July 1 Purchase a one-year insurance policy for $4,680 ($390 per month) to cover injuries to participants during outdoor clinics. July 2 Pay legal fees of $1,800 associated with incorporation. July 4 Purchase office supplies of $1,100 on account. July 7 Pay $230 to a local newspaper for advertising to appear immediately for an upcoming mountain biking clinic to be held on July 15. Attendees will be charged $60 the day of the clinic. July 8Purchase 10 mountain bikes, paying $12,000 cash. July 15 On the day of the clinic, Great Adventures receives cash of $4,200 from 70 bikers. Tony conducts the mountain biking clinic. July 22 Because of the success of the first mountain biking clinic, Tony holds another mountain biking clinic and the company July 24 receives $4,750. Pay $820 to a local radio attendees can pay $120 in July 30 Great Adventures receives station for advertising to appear immediately. A kayaking clinic will be held on August 10, and advance or $170 on the day of the clinic. cash of $8,400 in advance from 70 kayakers for the upcoming kayak clinic. General Journal T Accounts Trial Balance. Record each transaction in July. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) General Journal T Accounts Trial Balance Post each transaction to the appropriate T-accounts and calculate the ending balance of each account. Cash Prepaid Insurance Debit Credit Debit Credit Ending Balance Supplies Equipment Credit Accounts Payable Deferred Revenue Credit Ending Balance Ending Balance Ending Balance Debit Debit Ending Balance Ending Balance Debit Debit Credit Credit Debit Ending Balance Ending Balance Common Stock Advertising Expense Debit Credit Credit Debit Ending Balance Ending Balance Debit Service Revenue Legal Fees Expense Credit Credit S General Journal T Accounts Prepare a trial balance. Totals Trial Balance GREAT ADVENTURES, INCORPORATED Trial Balance July 31, 2024 Accounts Debit $ 0 $ Credit

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