Can I get assistance with the income statement and balance sheet, please? The general ledger and trial balance auto-fill one the general journal is complete. I am having a tough time finishing the general journal and verifying it is correct.

Great Adventures Problem AP6-1 (GL) [The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly, Suzle thinks of another area for business expansion. She notices that a few clinic participants wear multluse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from Kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2022. All watches are sold for $860 each Jul. 17 Purchased 184 watches for $15,680 ($150 per watch) on account. Jul. 31 Sold 96 watches for $82,560 cash. Aug. 12 Purchased 76 watches for $12,160 ($160 per watch) cash. Aug. 22 Sold 66 watches for $56,768 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $34,056 for watches sold on account on August 22. Oct. 27 Purchased 170 watches for $28,980 ($170 per watch) cash. Nov. 20 Sold 126 watches for $108,360 cash. 4 Purchased 136 watches for $24,480 ($180 per watch) on account. 8 Sold 76 watches for $65,360 on account. Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch. Dec. Dec. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Journal entry worksheet Journal entry worksheet View transaction list Journal entry worksheet Purchased 76 watches for $12,160 ($160 per watch) cash. Record the purchase of inventory for cash. Note: Enter debits before credits. General Journal Credit Date Aug 12 Inventory Debit 12,160 12,160 Record entry Clear entry View general journal Journal entry worksheet Sold 66 watches for $56,760 on account. Record the sale. Note: Enter debits before credits. Credit Date Aug 22 General Journal Accounts Receivable Sales Revenue Debit 56,760 56,760 Record entry Clear entry View general journal Journal entry worksheet Sold 66 watches for $56,760 on account. Record the cost of the sale. Note: Enter debits before credits. Credit Date Aug 22 General Journal Cost of Goods Sold Inventory Debit 10,560 10,560 Record entry Clear entry View general journal Journal entry worksheet Paid for watches purchased on July 17. Record the payment of cash. Note: Enter debits before credits. Credit Date Sep 19 General Journal Accounts Payable Cash Debit 15,600 15,600 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 17 > Receive cash of $34,056 for watches sold on account on August 22. Record the receipt of cash for the sale. Note: Enter debits before credits. Debit Credit Date Sep 27 General Journal Cash Accounts Receivable 34,056 34,056 Record entry Clear entry View general journal Journal entry worksheet Purchased 170 watches for $28,900 ($170 per watch) cash. Record the purchase of inventory for cash. Note: Enter debits before credits. Date General Journal Debit Credit Oct 27 28,900 Inventory Cash 28,900 Record entry Clear entry View general journal Journal entry worksheet Sold 126 watches for $108,360 cash. Record the sale of inventory for cash. Note: Enter debits before credits. Debit Credit Date Nov 20 General Journal Cash Sales Revenue 108,360 108,360 Record entry Clear entry View general journal Journal entry worksheet Sold 126 watches for $108,360 cash. Record the cost of inventory sold. Note: Enter debits before credits. Credit Date Nov 20 General Journal Cost of Goods Sold Inventory Debit 21,420 21,420 Record entry Clear entry View general journal Journal entry worksheet Sold 76 watches for $65,360 on account. Record the sale of inventory on account. Note: Enter debits before credits. Credit Date General Journal Dec 08 Accounts Receivable Sales Revenue Debit 65,360 65,360 Record entry Clear entry View general journal Journal entry worksheet Record the write-down of inventory to net realizable value. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Requirement General ledger View transaction list Journal entry worksheet 1 10 11 12 13 14 15 16 17 > Record the closure of revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record the closure of expense accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal View transaction et View journal entry workahout No Date General Journal Credit Debit 15 800 Inventory Accounts Payable 15.600 2 Jul 31 82.580 Cash Sales Revenue 82 580 3 Jul 31 14.400 Cost of Goods Sold Inventory 14.400 Aug 12 Inventory 12.180 12.160 5 Aug 22 56.780 Accounts Receivable Sales Revenue 56.760 6 Aug 22 10.560 Cost of Goods Sold Inventory 10.580 N 7 Sep 19 15,600 Accounts Payable Cash 15,600 8 Sep 27 34,056 Cash Accounts Receivable 34,056 9 Oct 27 28.900 Inventory Cash 28.900 10 Nov 20 108 360 Cash Sales Revenue 108.380 11 Nov 20 21.420 Cost of Goods Sold Inventory 21.420 12 Dec 04 24.480 Inventory Accounts Payable 24.480 13 Dec 08 85.360 Accounts Receivable Sales Revenue IN 65.360 14 Dec 08 1.360 Cost of Goods Sold Inventory 1,380 15 Dec 31 No Transaction Recorded 10 Dec 31 No Transaction Recorded General Ledger Account Cash Debit Accounts Receivable Debit Credit No. Date Credit Date 82,560 56,760 2 7 15,600 Balance No. 37,310 119,870 5 104,270 138,326 13 109,426 217,786 Balance 42,000 98,760 64,704 130,064 1 1 Jul 31 Sep 19 Sep 27 Oct 27 Nov 20 Aug 22 Sep 27 Dec 08 34,056 00 34,056 65,360 28,900 10 108,360 Allowance for Uncollectible Accounts Date Debit Credit Jul 17 Inventory Debit No. No. Credit Balance 4,200 Balance 15,600 3 14,400 4 12,160 Date Jul 17 Jul 17 Jul 31 Aug 12 Aug 22 Oct 27 Nov 20 Dec 04 Dec 08 6 tttttttt 10,560 15,600 1,200 13,360 2,800 31,700 10,280 34,760 33,400 9 28,900 11 21,420 12 24,480 14 1,360 Equipment Debit No. Accumulated Depreciation Debit Credit Credit No. Date Jul 17 Balance 63,000 Date Jul 17 Balance 33,000 Accounts Payable Debit Credit Interest Payable Debit Credit No. No. Date Jul 17 Balance 1,650 1 Date Jul 17 Jul 17 Sep 19 Dec 04 15,600 Balance 6,400 22,000 6,400 30,880 15,600 7 12 24.480 Income Tax Payable Debit Credit Notes Payable Debit Credit No. Date Jul 17 Balance 16,300 No. Date Jul 17 Balance 66,000 Common Stock Debit Credit Retained Earnings Debit Credit No. Date No. Balance 27,830 Jul 17 Date Jul 17 Balance 37,950 Service Revenue Debit Credit Sales Revenue Debit Credit NO No. Balance Date Jul 17 Balance 53,500 2 + + + Date Jul 17 Jul 31 Aug 22 Nov 20 Dec 08 82,560 56,760 108,360 65,360 82,560 139,320 247,680 313,040 10 13 4 Sales Discounts Debit Credit Interest Revenue Debit Credit No. No. Date Date Jul 17 Balance 530 Balance 210 Jul 17 Cost of Goods Sold Debit Credit Depreciation Expense Debit Credit No. Date No. Date Jul 17 Balance 25,000 4 3 6 11 14 Jul 31 Aug 22 Nov 20 Dec 08 14,400 10,560 21,420 1,360 Balance 0 14,400 24,960 46,380 47,740 Supplies Expense Debit Credit Salaries Expense Debit Credit No. No. Date Jul 17 Balance 2,300 Date Jul 17 Balance 42,000 Bad Debt Expense Debit Credit Interest Expense Debit Credit No. No. Date Jul 17 Balance 4,200 Date Jul 17 Balance 3,600 Rent Expense Debit Credit Income Tax Expense Debit Credit No. Date Jul 17 Balance 4,200 No. Date Jul 17 Balance 16,300 Insurance Expense Debit Credit No. Date Jul 17 Balance 6,600 Adjusted GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit $ Debit 217,786 130,064 4,200 33,400 63,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable interest Payable Income Tax Payable Notes Payable Common Stock Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Total 33,000 30,880 1.650 16,300 66,000 27,830 37,950 53,500 313,040 530 210 47,740 25,000 2,300 42,000 4,200 3,600 4,200 16,300 6,600 596,720 S $ 584,560 Adjusted GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues S Cash Accounts Receivable 217,786 130,064 0 0 Net Sales 347,850 0 S 347,850 Gross Profit Operating Expense: 80llo Insurance Expense Rent Expense Supplies Expense Salaries Expense Total Operating Expenses Operating Income (Loss) 6,600 4,200 2,300 42,000 55,100 292,750 0 0 Income Before Income Taxes 292,750 0 292,750 S 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 shee The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Adjusted GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Current Liabilities: $ 0 $ 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 Total Current Assets Long-term Assets Total Liabilities Stockholders' Equity 0 0 0 0 0 0 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity Total Assets 0 Journal entry worksheet View transaction list Journal entry worksheet Purchased 76 watches for $12,160 ($160 per watch) cash. Record the purchase of inventory for cash. Note: Enter debits before credits. General Journal Credit Date Aug 12 Inventory Debit 12,160 12,160 Record entry Clear entry View general journal Journal entry worksheet Sold 66 watches for $56,760 on account. Record the sale. Note: Enter debits before credits. Credit Date Aug 22 General Journal Accounts Receivable Sales Revenue Debit 56,760 56,760 Record entry Clear entry View general journal Journal entry worksheet Sold 66 watches for $56,760 on account. Record the cost of the sale. Note: Enter debits before credits. Credit Date Aug 22 General Journal Cost of Goods Sold Inventory Debit 10,560 10,560 Record entry Clear entry View general journal Journal entry worksheet Paid for watches purchased on July 17. Record the payment of cash. Note: Enter debits before credits. Credit Date Sep 19 General Journal Accounts Payable Cash Debit 15,600 15,600 Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 17 > Receive cash of $34,056 for watches sold on account on August 22. Record the receipt of cash for the sale. Note: Enter debits before credits. Debit Credit Date Sep 27 General Journal Cash Accounts Receivable 34,056 34,056 Record entry Clear entry View general journal Journal entry worksheet Purchased 170 watches for $28,900 ($170 per watch) cash. Record the purchase of inventory for cash. Note: Enter debits before credits. Date General Journal Debit Credit Oct 27 28,900 Inventory Cash 28,900 Record entry Clear entry View general journal Journal entry worksheet Sold 126 watches for $108,360 cash. Record the sale of inventory for cash. Note: Enter debits before credits. Debit Credit Date Nov 20 General Journal Cash Sales Revenue 108,360 108,360 Record entry Clear entry View general journal Journal entry worksheet Sold 126 watches for $108,360 cash. Record the cost of inventory sold. Note: Enter debits before credits. Credit Date Nov 20 General Journal Cost of Goods Sold Inventory Debit 21,420 21,420 Record entry Clear entry View general journal Journal entry worksheet Sold 76 watches for $65,360 on account. Record the sale of inventory on account. Note: Enter debits before credits. Credit Date General Journal Dec 08 Accounts Receivable Sales Revenue Debit 65,360 65,360 Record entry Clear entry View general journal Journal entry worksheet Record the write-down of inventory to net realizable value. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Requirement General ledger View transaction list Journal entry worksheet 1 10 11 12 13 14 15 16 17 > Record the closure of revenue accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record the closure of expense accounts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general journal View transaction et View journal entry workahout No Date General Journal Credit Debit 15 800 Inventory Accounts Payable 15.600 2 Jul 31 82.580 Cash Sales Revenue 82 580 3 Jul 31 14.400 Cost of Goods Sold Inventory 14.400 Aug 12 Inventory 12.180 12.160 5 Aug 22 56.780 Accounts Receivable Sales Revenue 56.760 6 Aug 22 10.560 Cost of Goods Sold Inventory 10.580 N 7 Sep 19 15,600 Accounts Payable Cash 15,600 8 Sep 27 34,056 Cash Accounts Receivable 34,056 9 Oct 27 28.900 Inventory Cash 28.900 10 Nov 20 108 360 Cash Sales Revenue 108.380 11 Nov 20 21.420 Cost of Goods Sold Inventory 21.420 12 Dec 04 24.480 Inventory Accounts Payable 24.480 13 Dec 08 85.360 Accounts Receivable Sales Revenue IN 65.360 14 Dec 08 1.360 Cost of Goods Sold Inventory 1,380 15 Dec 31 No Transaction Recorded 10 Dec 31 No Transaction Recorded General Ledger Account Cash Debit Accounts Receivable Debit Credit No. Date Credit Date 82,560 56,760 2 7 15,600 Balance No. 37,310 119,870 5 104,270 138,326 13 109,426 217,786 Balance 42,000 98,760 64,704 130,064 1 1 Jul 31 Sep 19 Sep 27 Oct 27 Nov 20 Aug 22 Sep 27 Dec 08 34,056 00 34,056 65,360 28,900 10 108,360 Allowance for Uncollectible Accounts Date Debit Credit Jul 17 Inventory Debit No. No. Credit Balance 4,200 Balance 15,600 3 14,400 4 12,160 Date Jul 17 Jul 17 Jul 31 Aug 12 Aug 22 Oct 27 Nov 20 Dec 04 Dec 08 6 tttttttt 10,560 15,600 1,200 13,360 2,800 31,700 10,280 34,760 33,400 9 28,900 11 21,420 12 24,480 14 1,360 Equipment Debit No. Accumulated Depreciation Debit Credit Credit No. Date Jul 17 Balance 63,000 Date Jul 17 Balance 33,000 Accounts Payable Debit Credit Interest Payable Debit Credit No. No. Date Jul 17 Balance 1,650 1 Date Jul 17 Jul 17 Sep 19 Dec 04 15,600 Balance 6,400 22,000 6,400 30,880 15,600 7 12 24.480 Income Tax Payable Debit Credit Notes Payable Debit Credit No. Date Jul 17 Balance 16,300 No. Date Jul 17 Balance 66,000 Common Stock Debit Credit Retained Earnings Debit Credit No. Date No. Balance 27,830 Jul 17 Date Jul 17 Balance 37,950 Service Revenue Debit Credit Sales Revenue Debit Credit NO No. Balance Date Jul 17 Balance 53,500 2 + + + Date Jul 17 Jul 31 Aug 22 Nov 20 Dec 08 82,560 56,760 108,360 65,360 82,560 139,320 247,680 313,040 10 13 4 Sales Discounts Debit Credit Interest Revenue Debit Credit No. No. Date Date Jul 17 Balance 530 Balance 210 Jul 17 Cost of Goods Sold Debit Credit Depreciation Expense Debit Credit No. Date No. Date Jul 17 Balance 25,000 4 3 6 11 14 Jul 31 Aug 22 Nov 20 Dec 08 14,400 10,560 21,420 1,360 Balance 0 14,400 24,960 46,380 47,740 Supplies Expense Debit Credit Salaries Expense Debit Credit No. No. Date Jul 17 Balance 2,300 Date Jul 17 Balance 42,000 Bad Debt Expense Debit Credit Interest Expense Debit Credit No. No. Date Jul 17 Balance 4,200 Date Jul 17 Balance 3,600 Rent Expense Debit Credit Income Tax Expense Debit Credit No. Date Jul 17 Balance 4,200 No. Date Jul 17 Balance 16,300 Insurance Expense Debit Credit No. Date Jul 17 Balance 6,600 Adjusted GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit $ Debit 217,786 130,064 4,200 33,400 63,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable interest Payable Income Tax Payable Notes Payable Common Stock Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Total 33,000 30,880 1.650 16,300 66,000 27,830 37,950 53,500 313,040 530 210 47,740 25,000 2,300 42,000 4,200 3,600 4,200 16,300 6,600 596,720 S $ 584,560 Adjusted GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues S Cash Accounts Receivable 217,786 130,064 0 0 Net Sales 347,850 0 S 347,850 Gross Profit Operating Expense: 80llo Insurance Expense Rent Expense Supplies Expense Salaries Expense Total Operating Expenses Operating Income (Loss) 6,600 4,200 2,300 42,000 55,100 292,750 0 0 Income Before Income Taxes 292,750 0 292,750 S 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 shee The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Adjusted GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Current Liabilities: $ 0 $ 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 Total Current Assets Long-term Assets Total Liabilities Stockholders' Equity 0 0 0 0 0 0 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity Total Assets 0