Great Adventures Problem AP10-1 (GL) Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool Tony and Suzie first checked with Summit Bank to see if they could borrow an additional S1 million, but unfortunately the bank tumed 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 S1 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 S1 par value common stock at St per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Inche in additional 120.000 shares of common stock for $10 per the November to purchase 12.000 shares of its own common stock ... treasury stock for $29 pet share November 24 Resell 6.300 shares of trey stock at 500 per share December ! Declare a cash dividend on its ennen stock of $34,200 (0,10 per shaca) to all stockholders of record on Decrabes 16 December 20 Pay the cuth dividend declared on December 1 Pay 5070,000 for construction of new cabana and other fatlatzes. The entire expenditure 15 tecorded in the buildings December General Requirement General Journal Income Trial Balance Ledger Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, appear for each account, based on your selection Post-closing Dates: Nov 0 GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 $ 0 0 0 0 Net Sales 0 0 $ Gross Profit Operating Expense 0 0 0 0 0 0 0 0 0 0 0 0 Total Operating Expenses Operating Income (L03) 0 0 0 0 0 Great Adventures Problem AP10-1 (GL) Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool Tony and Suzie first checked with Summit Bank to see if they could borrow an additional S1 million, but unfortunately the bank tumed 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 S1 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 S1 par value common stock at St per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Inche in additional 120.000 shares of common stock for $10 per the November to purchase 12.000 shares of its own common stock ... treasury stock for $29 pet share November 24 Resell 6.300 shares of trey stock at 500 per share December ! Declare a cash dividend on its ennen stock of $34,200 (0,10 per shaca) to all stockholders of record on Decrabes 16 December 20 Pay the cuth dividend declared on December 1 Pay 5070,000 for construction of new cabana and other fatlatzes. The entire expenditure 15 tecorded in the buildings December General Requirement General Journal Income Trial Balance Ledger Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, appear for each account, based on your selection Post-closing Dates: Nov 0 GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 $ 0 0 0 0 Net Sales 0 0 $ Gross Profit Operating Expense 0 0 0 0 0 0 0 0 0 0 0 0 Total Operating Expenses Operating Income (L03) 0 0 0 0 0
