everything in red is wrong, this is all that is provided to me.

At the end of 2022, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $31,600, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $11,600 of the $31,600 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 $26,600 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 $13,600. 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 $5,600. Journal entry worksheet Assume that $11,600 of the $31,600 loan discussed above is due next year. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 no journal entry required Record entry Clear entry View general journal Journal entry worksheet