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At the end of 2025 , the following information is avallable for Great Adventures. - Additional interest for five months needs to be accrued on

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At the end of 2025 , the following information is avallable for Great Adventures. - Additional interest for five months needs to be accrued on the $33,600,6% note payable obtained on August 1, 2024. Recall that annual interest is paid each July 31 . - Assume that $13,600 of the $33,600 note discussed above is due next year. Record the entry to reclassify the current portion of the long-term note. - 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 occurting 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. 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.) Journal entry worksheet 3 4 5 6 7 > Additional interest for five months needs to be accrued on the $33,600,6% note payable obtained on August 1, 2024. Recall that annual interest is paid each July 31 . Record the adjusting entry. Notie: Enter debits before credits

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