At the end of 2022, the following information is available for Great Adventures.

• Additional interest for five months needs to be accrued on the $33,600, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31.
• Assume that $13,600 of the $33,600 loan discussed above is due next year.
• By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $28,600 during the year and recorded those as Deferred Revenue.
• Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, and the estimated amount to be paid is $15,600.
• For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $7,600.

Please show work, thanks! (for the journal entry worksheet, it's referring to the list in the first photo)

At the end of 2022, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $33,600, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $13,600 of the $33,600 loan discussed above is due next year. By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $28,600 during the year and recorded those as Deferred Revenue. Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, and the estimated amount to be paid is $15,600. For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $7,600. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Review the 'Trial Balance' as of December 31, 2022, in the 'Trial Balance' tab. 3. Prepare a multiple-step income statement for the period ended December 31, 2022, in the 'Income Statement' tab. 4. Prepare a classified balance sheet as of December 31, 2022, in the 'Balance Sheet' tab. 5. Record the closing entries in the 'General Journal' tab. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Additional interest for five months needs to be accrued on the $33,600, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted - Dates: to: General Ledger Account Accounts Receivable Cash Debit No. Date Credit No. Date Debit Credit Balance 89,610 Balance 53,600 Inventory Allowance for Uncollectible Accounts Date Debit Credit No. No. Date Debit Credit Balance 2,760 Balance 10,600 Prepaid Insurance Debit Credit Equipment Debit No. Date No. Date Credit Balance 1,260 Balance 89,720 Accumulated Depreciation Debit Credit Accounts Payable Debit Credit No. Date No. Date Balance 28,850 Balance 24,400 Income Tax Payable Debit Credit Deferred Revenue Debit Credit No. Date No. Date Balance 16,300 Balance 28,600 Common Stock Notes Payable (Long-term) Debit Credit No. Date No. Date Debit Credit Balance 33,600 Balance 20,000 Service Revenue Retained Earnings Debit Credit No. Date No. Date Debit Credit Balance 35,250 Balance 46,300 Sales Revenue Sales Discounts No. Date Debit Credit No. Date Debit Credit Balance 136,000 Balance 530 Interest Revenue Cost of Goods Sold No. Date Debit Credit Balance No. Date Debit Credit Balance 40,300 480 Depreciation Expense Supplies Expense No. Date Debit Credit No. Date Debit Credit Balance 19,050 Balance 1,400 Salaries Expense Bad Debt Expense No. Date Debit | Credit No. Date Debit Credit Balance 33,000 Balance 3,300 Interest Expense Rent Expense No. Date Debit Credit No. Date Debit Credit Balance 1,410 Balance 4,200 Income Tax Expense Insurance Expense No. Date Debit Credit No. Date Debit Credit Balance 16,300 Balance 7,500 Repairs and Maintenance Expense No. Date Debit Credit Balance 760 Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Unadjusted GREAT ADVENTURES, INC. Trial Balance Account Title Credit Cash Debit 89,610 53,600 2,760 10,600 1,260 89,720 Accounts Receivable Allowance for Uncollectible Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Deferred Revenue Notes Payable (Long-term) Common Stock Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense 28,850 24,400 16,300 28,600 33,600 20,000 35,250 46,300 136,000 530 480 Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Total 40,300 19,050 1,400 33,000 3,300 1,410 4,200 16,300 7,500 760 372,540 $ 372,540 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare an income statement for the period ended December 31, 2022. Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues: Net Sales Gross Profit Operating Expenses: Total Operating Expenses Operating Income (Loss) Income Before Income Taxes Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted - GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Total Liabilities Total Current Assets Long-term Assets: Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders'Equity Total Assets At the end of 2022, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $33,600, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $13,600 of the $33,600 loan discussed above is due next year. By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $28,600 during the year and recorded those as Deferred Revenue. Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, and the estimated amount to be paid is $15,600. For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $7,600. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Review the 'Trial Balance' as of December 31, 2022, in the 'Trial Balance' tab. 3. Prepare a multiple-step income statement for the period ended December 31, 2022, in the 'Income Statement' tab. 4. Prepare a classified balance sheet as of December 31, 2022, in the 'Balance Sheet' tab. 5. Record the closing entries in the 'General Journal' tab. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 Additional interest for five months needs to be accrued on the $33,600, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted - Dates: to: General Ledger Account Accounts Receivable Cash Debit No. Date Credit No. Date Debit Credit Balance 89,610 Balance 53,600 Inventory Allowance for Uncollectible Accounts Date Debit Credit No. No. Date Debit Credit Balance 2,760 Balance 10,600 Prepaid Insurance Debit Credit Equipment Debit No. Date No. Date Credit Balance 1,260 Balance 89,720 Accumulated Depreciation Debit Credit Accounts Payable Debit Credit No. Date No. Date Balance 28,850 Balance 24,400 Income Tax Payable Debit Credit Deferred Revenue Debit Credit No. Date No. Date Balance 16,300 Balance 28,600 Common Stock Notes Payable (Long-term) Debit Credit No. Date No. Date Debit Credit Balance 33,600 Balance 20,000 Service Revenue Retained Earnings Debit Credit No. Date No. Date Debit Credit Balance 35,250 Balance 46,300 Sales Revenue Sales Discounts No. Date Debit Credit No. Date Debit Credit Balance 136,000 Balance 530 Interest Revenue Cost of Goods Sold No. Date Debit Credit Balance No. Date Debit Credit Balance 40,300 480 Depreciation Expense Supplies Expense No. Date Debit Credit No. Date Debit Credit Balance 19,050 Balance 1,400 Salaries Expense Bad Debt Expense No. Date Debit | Credit No. Date Debit Credit Balance 33,000 Balance 3,300 Interest Expense Rent Expense No. Date Debit Credit No. Date Debit Credit Balance 1,410 Balance 4,200 Income Tax Expense Insurance Expense No. Date Debit Credit No. Date Debit Credit Balance 16,300 Balance 7,500 Repairs and Maintenance Expense No. Date Debit Credit Balance 760 Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Unadjusted GREAT ADVENTURES, INC. Trial Balance Account Title Credit Cash Debit 89,610 53,600 2,760 10,600 1,260 89,720 Accounts Receivable Allowance for Uncollectible Accounts Inventory Prepaid Insurance Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Deferred Revenue Notes Payable (Long-term) Common Stock Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense 28,850 24,400 16,300 28,600 33,600 20,000 35,250 46,300 136,000 530 480 Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Total 40,300 19,050 1,400 33,000 3,300 1,410 4,200 16,300 7,500 760 372,540 $ 372,540 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare an income statement for the period ended December 31, 2022. Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues: Net Sales Gross Profit Operating Expenses: Total Operating Expenses Operating Income (Loss) Income Before Income Taxes Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted - GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Total Liabilities Total Current Assets Long-term Assets: Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders'Equity Total Assets