HI EXPERTS!!! PLEASE HELP ME OUT HERE!!!! I LOVE YOU GUYS THANK YOU SO MUCH

*THIS IS AN ACCOUNTING QUESTION*

Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Notes Payable (Long-term) } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 30,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 20,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 33,750 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance' \\ \hline & & & & 44,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 106,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 380 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 180 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cost of Goods Sold } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 38,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Depreciation Expense } \\ \hline No. & Date & Debli & Credit & Balance \\ \hline & & & & 17,550 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 650 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 25,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Bad Debt Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,550 \\ \hline \end{tabular} \begin{tabular}{|r|r|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 1,110 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,700 \\ \hline \end{tabular} Unadjusted \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ GREAT ADVENTURES, INCORPORATED } \\ \hline \multicolumn{3}{|c|}{ Income Statement } \\ \hline \multicolumn{3}{|c|}{ For the Period Ended December 31, 2025} \\ \hline Revenues: & & \\ \hline Service Revenue & 44,800 & \\ \hline Sales Revenue & 106,000 & \\ \hline Sales Discounts & (380) & \\ \hline Net Sales & 150,420 & \\ \hline Cost of Goods Sold & 38,800 & \\ \hline Gross Profit & & 111,620 \\ \hline Operating Expenses: & & \\ \hline Depreciation Expense & 17,550 & \\ \hline Insurance Expense & 6,000 & \\ \hline Rent Expense & 2,700 & ? \\ \hline Salaries Expense & 25,500 & \\ \hline Supplies Expense & 650 & \\ \hline Bad Debt Expense & 2,550 & . \\ \hline Repairs and Maintenance Expense & 460 & \\ \hline Total Operating Expenses & & 55,410 \\ \hline Operating Income (Loss) & & 56,210 \\ \hline Interest Revenue & & 180 \\ \hline Interest Expense & & (1,110) \\ \hline Income Before Income Taxes & & 55,280 \\ \hline Income Tax Expense & & 14,800 \\ \hline \end{tabular} Trial Balance Balance Shee \begin{tabular}{|c|c|c|c|} \hline Supplies Expense & & 650 & \\ \hline Salaries Expense & & 25,500 & \\ \hline DBadDebtExpense & & 2,550 & \\ \hline AInterestExpense & & 1,110 & \\ \hline Rent Expense & & 2,700 & \\ \hline JIncomeTaxExpense & & 14,800 & \\ \hline Insurance Expense & & 6,000 & \\ \hline Repairs and Maintenance Expense & & 460 & \\ \hline Total + & s & 325,440$ & 325.44C \\ \hline \end{tabular} Journal entry worksheet 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 $4,600. Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet 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 $4,600. Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for revenue accounts. Note: Enter debits before credits. Journal entry worksheet 1 5 Record the closing entry for expense and loss accounts. Note: Enter debits before credits. Journal entry worksheet Assume that $10,600 of the $30,600 note discussed above is due next year. Record the entry to reclassify the current portion of the long-term note. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Notes Payable (Long-term) } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 30,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 20,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 33,750 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance' \\ \hline & & & & 44,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 106,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 380 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 180 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cost of Goods Sold } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 38,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Depreciation Expense } \\ \hline No. & Date & Debli & Credit & Balance \\ \hline & & & & 17,550 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 650 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 25,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Bad Debt Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,550 \\ \hline \end{tabular} \begin{tabular}{|r|r|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 1,110 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,700 \\ \hline \end{tabular} Journal entry worksheet 7 Additional interest for five months needs to be accrued on the $30,600,6% note payable obtained on August 1,2024 . Recall that annual interest is paid each July 31 . Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet 1 7 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 $12,600. Record the adjusting entry. Note: Enter debits before credits. At the end of 2025 , the following information is available for Great Adventures. - Additional interest for five months needs to be accrued on the $30,600,6% note payable obtained on August 1, 2024, Recall that annual interest is paid each July 31. - Assume that $10,600 of the $30,600 note discussed above is due next year. Record the entry to reclassify the current portion of the long-term note. - By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $25,600 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 $12,600. - For soles of MU watches, Great Adventures offers a warranty against defect for one yoar, At the end of the year, the company estimates future warranty costs to be $4,600. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Review the 'Trial Balance' as of December 31, 2025, in the 'Trial Balance' tab. 3. Prepare a multiple-step income statement for the period ended December 31, 2025, in the 'Income Statement' tab. 4. Prepare a classified balance sheet as of December 31,2025 , in the 'Balance Sheet' tab. 5. Record the closing entries in the 'General Journal' tab. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Journal entry worksheet By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $25,600 during the year and recorded those as Deferred Revenue. Record the adjusting entry. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Income Tax Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 14,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Insurance Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 6,000 \\ \hline \end{tabular} Repairs and Maintonance Expense \begin{tabular}{|c|c|c|c|c|} \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 460 \\ \hline \end{tabular} Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Journal entry worksheet By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $25,600 during the year and recorded those as Deferred Revenue. Record the adjusting entry. Note: Enter debits before credits. Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Notes Payable (Long-term) } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 30,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 20,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 33,750 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance' \\ \hline & & & & 44,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 106,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 380 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 180 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cost of Goods Sold } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 38,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Depreciation Expense } \\ \hline No. & Date & Debli & Credit & Balance \\ \hline & & & & 17,550 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 650 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 25,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Bad Debt Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,550 \\ \hline \end{tabular} \begin{tabular}{|r|r|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 1,110 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,700 \\ \hline \end{tabular} Unadjusted \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ GREAT ADVENTURES, INCORPORATED } \\ \hline \multicolumn{3}{|c|}{ Income Statement } \\ \hline \multicolumn{3}{|c|}{ For the Period Ended December 31, 2025} \\ \hline Revenues: & & \\ \hline Service Revenue & 44,800 & \\ \hline Sales Revenue & 106,000 & \\ \hline Sales Discounts & (380) & \\ \hline Net Sales & 150,420 & \\ \hline Cost of Goods Sold & 38,800 & \\ \hline Gross Profit & & 111,620 \\ \hline Operating Expenses: & & \\ \hline Depreciation Expense & 17,550 & \\ \hline Insurance Expense & 6,000 & \\ \hline Rent Expense & 2,700 & ? \\ \hline Salaries Expense & 25,500 & \\ \hline Supplies Expense & 650 & \\ \hline Bad Debt Expense & 2,550 & . \\ \hline Repairs and Maintenance Expense & 460 & \\ \hline Total Operating Expenses & & 55,410 \\ \hline Operating Income (Loss) & & 56,210 \\ \hline Interest Revenue & & 180 \\ \hline Interest Expense & & (1,110) \\ \hline Income Before Income Taxes & & 55,280 \\ \hline Income Tax Expense & & 14,800 \\ \hline \end{tabular} Trial Balance Balance Shee \begin{tabular}{|c|c|c|c|} \hline Supplies Expense & & 650 & \\ \hline Salaries Expense & & 25,500 & \\ \hline DBadDebtExpense & & 2,550 & \\ \hline AInterestExpense & & 1,110 & \\ \hline Rent Expense & & 2,700 & \\ \hline JIncomeTaxExpense & & 14,800 & \\ \hline Insurance Expense & & 6,000 & \\ \hline Repairs and Maintenance Expense & & 460 & \\ \hline Total + & s & 325,440$ & 325.44C \\ \hline \end{tabular} Journal entry worksheet 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 $4,600. Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet 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 $4,600. Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet Record the closing entry for revenue accounts. Note: Enter debits before credits. Journal entry worksheet 1 5 Record the closing entry for expense and loss accounts. Note: Enter debits before credits. Journal entry worksheet Assume that $10,600 of the $30,600 note discussed above is due next year. Record the entry to reclassify the current portion of the long-term note. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Notes Payable (Long-term) } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 30,600 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 20,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 33,750 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance' \\ \hline & & & & 44,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 106,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 380 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 180 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cost of Goods Sold } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 38,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Depreciation Expense } \\ \hline No. & Date & Debli & Credit & Balance \\ \hline & & & & 17,550 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 650 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 25,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Bad Debt Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,550 \\ \hline \end{tabular} \begin{tabular}{|r|r|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 1,110 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 2,700 \\ \hline \end{tabular} Journal entry worksheet 7 Additional interest for five months needs to be accrued on the $30,600,6% note payable obtained on August 1,2024 . Recall that annual interest is paid each July 31 . Record the adjusting entry. Note: Enter debits before credits. Journal entry worksheet 1 7 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 $12,600. Record the adjusting entry. Note: Enter debits before credits. At the end of 2025 , the following information is available for Great Adventures. - Additional interest for five months needs to be accrued on the $30,600,6% note payable obtained on August 1, 2024, Recall that annual interest is paid each July 31. - Assume that $10,600 of the $30,600 note discussed above is due next year. Record the entry to reclassify the current portion of the long-term note. - By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $25,600 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 $12,600. - For soles of MU watches, Great Adventures offers a warranty against defect for one yoar, At the end of the year, the company estimates future warranty costs to be $4,600. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Review the 'Trial Balance' as of December 31, 2025, in the 'Trial Balance' tab. 3. Prepare a multiple-step income statement for the period ended December 31, 2025, in the 'Income Statement' tab. 4. Prepare a classified balance sheet as of December 31,2025 , in the 'Balance Sheet' tab. 5. Record the closing entries in the 'General Journal' tab. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Journal entry worksheet By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $25,600 during the year and recorded those as Deferred Revenue. Record the adjusting entry. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Income Tax Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 14,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Insurance Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 6,000 \\ \hline \end{tabular} Repairs and Maintonance Expense \begin{tabular}{|c|c|c|c|c|} \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 460 \\ \hline \end{tabular} Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Journal entry worksheet By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $25,600 during the year and recorded those as Deferred Revenue. Record the adjusting entry. Note: Enter debits before credits