At the end of 2025, the following information is available for Great Adventures. . Additional interest for five months needs to be accrued on the $31,800, 6% note payable obtained on August 1, 2024. Recall that annual interest is paid each July 31. Assume that $11,800 of the $31,800 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 $26,800 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 $13,800. 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 $5,800. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet B Prepare a classified balance sheet as of December 31, 2025. 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. Adjusted GREAT ADVENTURES, INCORPORATED Assets Current Assets: Balance Sheet December 31, 2025 Liabilities Current Liabilities: tes Adjusted GREAT ADVENTURES, INCORPORATED Balance Sheet December 31, 2025 Assets Current Assets: Liabilities 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 Total Current Assets Long-term Assets: 0 Total Liabilities 0 Stockholders' Equity Total Assets 0 0 0 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity: 0 0 0 0 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 Ent in the first account field.) View transaction list View journal entry worksheet No Date General Journal 1 December 31 Interest Expense Debit Credit 795 Interest Payable 795 2 December 31 Notes Payable (Current) Notes Payable (Current) 11,800 11,800 3 December 31 Deferred Revenue Service Revenue 20,000 20,000 4 December 31 Loss 13,800 Contingent Liability 13,800 Journal entry worksheet 2 3 5 6 7 > Record the closing entry for revenue accounts. Note: Enter debits before credits. Date December General Journal Debit Credit Service Revenue 31 65,400 Sales Revenue 20,000 Interest Revenue Retained Earnings 300 85,700 Record entry Clear entry View general journal -5 Journal entry worksheet > 1 2 3 5 Record the closing entry for expense and loss accounts. Note: Enter debits before credits. Date December General Journal Debit Credit Retained Earnings 137,355 31 Cost of Goods Sold 39,400 Depreciation Expense 18,150 Supplies Expense 950 Salaries Expense Bad Debt Expense 28,500 2,850 Interest Expense 2,025 Rent Expense 3,300 Income Tax Expense 15,400 Insurance Expense 6,600 Repairs and Maintenance Expense 580 Warranty Expense 5,800