GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit S Debit 232,084 51,200 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Prepaid Insurance 2,520 8.200 Land 1,020 620,000 74,360 26,450 830,000 22.000 1,050 15,100 6.200 60,137 586,478 13,200 5,200 132,000 128.000 5,200 34,050 Equipment Accumulated Depreciation Buildings Accounts Payable Interest Payable Income Tax Payable Deferred Revenue Notes Payable (Current) Notes Payable (Long-term) Contingent Liability Warranty Liability Common Stock Treasury Stock Additional Paid-in Capital Retained Earnings Dividends 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 Repairs and Maintenance Expense Warranty Expense 12,600 45,100 132,000 410 240 39,100 17.850 800 27,000 2,700 8,281 3,000 15.100 6,300 520 'Loss 5,200 13,200 2,094,925 S Total S 1,086,025 Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021, Tony and Suzie each purchased 10.000 shares (20.000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022: November 5 Issue an additional 112,000 shares of common stock for $10 per share November 16 Purchase 11, 200 shares of its own common stock (ie, treasury stock) for $21 per share. November24 Resell 5, 200 shares of treasury stock at $22 per share. December 1 Declare a cash dividend on its common stock of $12, 600 ($0.10 per share) to all stockholders of record on December 15. December20 Pay the cash dividend declared on December 1. December31 Pay $830,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Joumal General Ledger Trial Balance Income Statement Balance Sheet The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Dates: Nov 05 to: Dec 31 GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Current Liabilities: $ $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 0 0 Total Liabilities 0 Total Current Assets Long-term Assets: Stockholders' Equity 0 0 0 0 0 0 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity Total assets $ s 0 Income Statement Balance Sheet November 5 Issue an additional 112,000 shares of common stock for $10 per share. November 16 Purchase 11, 200 shares of its own common stock i..., treasury stock for $21 per share. November24 Resell 5, 200 shares of treasury stock at $22 per share. December i Declare a cash dividend on its common stock of $12, 600 ($0.10 per share) to all stockholders of record on December 15. December20 Pay the cash dividend declared on December 1. December 31 Pay $830,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Dates: Nov 05 to: Dec 31 GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 S OOOOO Net Sales 0 s 0 Gross Profit Operating Expense 0 OOO 0 0 0 olololololo 0 Total Operating Expenses Operating Income (Loss) 0 0 0 0 0 S 0 outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021, Tony and Suzie each purchased 10.000 shares (20.000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022: November 5 Issue an additional 112.000 shares of common stock for $10 per share. Novenberio Purchase 11, 200 shares of its own common stock (i..., treasury stock) for $21 per share. November24 Resell 5,200 shares of treasury stock at $22 per share. December i Declare a cash dividend on its common stock of $12, 600 ($0.10 per share) to all stockholders of record on December 15. December20 Pay the cash dividend declared on December 1. December 31 Pay $830,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Answer is not complete. 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 Entry Required" in the first account field.) No Date General Journal Debit Credit 1 Nov 05 Cash 1,120.000 >> Common Stock 112,000 2 Nov 16 235.200 Treasury Stock Cash 235.200 3 Nov 24 114,400 Cash Additional Paid-in Capital Treasury Stock 5.200 109.200 4 Dec 01 12.600 Dividends Dividends Payable 12,600 5 Dec 20 12.800 Dividends Payable Cash O 12,600 6 Dec 30 830.000 Buildings Cash 830.000 7 Dec 31 Service Revenue Sales Revenue Sales Discounts Interest Revenue Retained Earnings