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At the end of 2022, the following information is available for Great Adventures. . Additional interest for five months needs to be accrued on the

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At the end of 2022, the following information is available for Great Adventures. . Additional interest for five months needs to be accrued on the $33,800,6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $13,800 of the $33,800 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 $28,800 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 $15,800 For sales of MU watches, Great Adventures offers a warranty against defect for one yoat. At the end of the year, the company estimates future warranty costs to be $7,800. 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. Income Statement + For the Period Ended December 31, 2022 Revenues: $ 0 O 0 0 0 Net Sales 0 0 Gross Profit $ $ Operating Expenses: 0 0 0 0 0 0 0 0 0 0 0 Total Operating Expenses Operating Income (Loss) 0 0 0 Income Before Income Taxes 0 0 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 eachyaccount, based on your selection Post-closing GREAT ADVENTURES INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assots: Current Liabilities: $ $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 Total Liabilities Total Current Assets Long-term Assets Stockholders' Equity 0 0 OOOOO 0 Total Stockholders' Equity Total Liabilities and Stockholders'Equity $ Total Assets $

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