Suzie purchases $14,500 of Great Adventures’ commonstock using cash she saved during college.
Tony purchases $14,500 of Great Adventures’ commonstock by borrowing from a local bank using his personal vehicle ascollateral.
Suzie purchases a one-year insurance policy for$6,000 ($500 per month) to cover injuries to participants duringoutdoor clinics.
The company pays legal fees of $1,800 associated withincorporation.
Suzie purchases office supplies of$1,200 on account.
Suzie pays advertising of $320 to a local newspaperfor an upcoming mountain biking clinic to be held on July 15.Attendees will be charged $40 the day of the clinic.
Tony purchases 10 mountain bikes, paying$11,900 cash.
On the day of the clinic, Great Adventures receivescash of $2,000 from 50 bikers. Tony conducts the mountain bikingclinic.
Because of the success of the first mountain bikingclinic, Tony holds another mountain biking clinic and the companyreceives $2,350.
Suzie pays advertising of $820 to a local radiostation for a kayaking clinic to be held on August 10. Attendeescan pay $140 in advance or $190 on the day of the clinic.
Great Adventures receives cash of $8,400 in advancefrom 60 kayakers for the upcoming kayak clinic.