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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,
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 $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 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 S1 per share the following transactions affect stockholders equity during the remainder of 2022 Movember 5 Isrun an additional 120.000 shares of common stock for $10 per she November to Purchase 12.000 shares of its common stock 1.... trotury Rock) for $29 pet shte Mobet24 Rosell 6.300 shares of trey stock at $10 per share December 1 Declare a cash dividend on its common stock at $34. 200 (56.10 per share) to all stockholders of record on December 18 December 20 Puy the con dividend declared on December la Pay $470.000 for construction ot we cabina and other forlater. The entire expenditure 13 recorded in the buildings December Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet to: Dec The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported se the balance sheet. The unadjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Dates: Nov 05 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 0 Total Current Liabilities 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 Total Liabilities and Stockholders' Equity Total assets $ S
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