help with all journal entrys at very top Jul 17- dec 8, genral journal, general ledger, trial balance, income statement and balance sheet please!
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, Suzie thinks of another area for business expansion She notices that a few clinic participants wear multiuse (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 $880 each Jul 17 Purchased 107 watches for 526,050 (9450 per watch) on account. Aug. 12 Purchased 78 watehen for $12,480 ($160 per vatch) cash. Aug. 22 Sold 68 watches for $59,840 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $35,904 for watches sold on account on August 22. Oct. 27 Purchased 175 watches for $29,750 ($170 per watch) cash. Nov. 20 Sold 128 watches for $112,640 cash. 4 Purchased 138 watches for $24,840 ($180 per watch) on account. # Sold 78 watches for $68,640 on account. Lote 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 General Income Journal Balance Sheet Ledger Trial Balance Statement 1. Record each of the transactions listed above in the 'General Journal' tab, assuming Suzie uses FIFO to account for Inventory. Review the 'General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record adjusting entries on December 31, 2022, in the 'General Journal tab. 3. Review the adjusted 'Trial Balance' as of December 31, 2022, in the 'Trial Balance' tab. 4. Prepare a multiple-step income statement for the period ended December 31, 2022, In the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2022, in the Balance Sheet' tab. 6. Record the closing entries in the 'General Journal tab. Requiremen General Journal > 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.) View transaction list Journal entry worksheet 1 ... 10 11 12 13 14 15 16 17 > 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 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.) View transaction list Journal entry worksheet 1 ... 10 11 Record the closure of revenue accounts. 12 13 14 15 16 17 > Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Requirement General General Ledger Income Statement Trial Balance Journal 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.) View transaction list Journal entry worksheet 1 ..... 10 11 12 13 14 15 16 17 > 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 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances wat appear for each account, based on your selection, Unadjusted Dates: Jul 17 to: Dec 08 General Ledger Account Cash Debit Accounts Receivable Debit No Date Credit Balance No Date Credit Balance 43.000 37.340 Allowance for Uncollectible Accounts Date Debit Credit Jul 17 Equipment Debit No. No. Credit Balance 4,300 Date Jul 17 Balance 84.000 Accumulated Depreciation Debit Credit Accounts Payable Debit Credit No No. Date 17 Balance 33,500 Date Jul 17 Balance 6,600 Interest Payable Debit Credit Income Tax Payable Debit Credit Ne No. Date 17 Balance 1,700 Date Jul 17 Balance 16.400 Notes Payable Debit Credit Common Stock Debit Credit No Date 17 No Balance 68,000 Date Jul 17 Balance 28.265 Retained Earning Debit Credit Service Revenue Debit Credit No No. Date Jul 17 Balance 38,200 Date Jul 17 Balance 54,000 Sales Discounts Debit Credit Interest Revenue Debit Credit No. No. Date Jul 17 Balance 540 Date Jul 17 Balance 215 Depreciation Expense Debit Credit Supplies Expense Debit Credit No No. Date 17 Balance 25,500 Date Jul 17 Balance 2.400 Salaries Expense Credit Bad Debt Expense Debit Credit No. Debit No. Date Jul 17 Balance 43,000 Date Jul 17 Balance 4.300 No. Interest Expense Debit Credit Rent Expense Debit Credit No. Balance Date 17 Balance 3,700 Date Jul 17 Income Tax Expense Debit Credit Insurance Expense Debit Credit No. No. Date 17 Balance 16,400 Date Jul 17 Balance 6.700 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 sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted 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 0 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets