answer for income statement and balance sheet and tid the generak journal entry name for dec 1 retained earnings is not correct name

Tory and Sut le have purchased land for a new camp. Now they need money to bulld the cabins, dining facify, a ropes course, and an outdoor swimming pool. Tony and Sugle fist checked with Sumbit Eank to seet if they could boriow ao. ciose friends they had mode through the outdoor cirics and TEAM events. They decided to go ahrod and sell shares of trock la the company to ralie the sddional funds for the camp. Creat Adventures has authorred 51 par value common slock. When the compary began on July 1,2024 , Tocy and ransaction affect stoch holders' equity during the remainder of 2025 . Woyeaber 3 Insue on additlohal 120,000 sharea of connon ntock for 510 per ahare. $25 per share. Noveaber 24 Resell 6.000 shares of treasury stock at $26 per share. December 1 Declare a cash dividend on its connon stock of $13,400 ( 50.10 per whare) to A11 nteckholders of record on Decenber is. December 20 Pay the cash dividend declared on Decenber 1. Decenbet 30 Fay 3050,000 tor construetion of nev cabins and other faclilties. The entire expenditure is recorded in the Baildings-account. Prepare the foumal entries for transoctions. af no entry is required for a particular transactionyevent, select "No yournal Entry Required" in the first account field? Unadjust Trial Balance Balance Sheet The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset an liability account is reported separately on the balance sheet. The unadjusted or post-closi balances will appear for each account, based on your selection