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I need help finishing the income statement. here is the extra info: (The following information applies to the questions displayed below.) Now that operations for

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I need help finishing the income statement.

here is the extra info:

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(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 $680 each. Jul. 17 Purchased 77 watches for $11,550 ($150 per watch) on account. Jul. 31 Sold 58 watches for $39, 440 cash. Aug. 12 Purchased 58 watches for $9, 280 ($160 per watch) cash. Aug. 22 Sold 48 watches for $32,640 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $19,584 for watches sold on account on August 22. Oct. 27 Purchased 125 watches for $21,250 ($170 per watch) cash. Nov. 20 Sold 108 watches for $73,440 cash. Dec. 4 Purchased 118 watches for $21, 240 ($180 per watch) on account. Dec. 8 Sold 58 watches for $39, 440 on account. Late 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. General General Trial Income Balance Require... Journal Ledger Balance Statem... Sheet Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closi GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues Sales Revenue Service Revenue Net Sales 0 Gross Profit Operating Expense: Depreciation Expense Salaries Expense Supplies Expense Rent Expense Bad Debt Expense Insurance Expense 0 0 0 Total Operating Expenses Operating Income (Loss) I I Income Before Income Taxes $ 0 Requirement General Journal General General Ledger General Trial Balance Requirement Trial Balance Income Statement Income Balance Sheet Balance Sheet Notice the dropdown below that giv General Ledger 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. Post-closing GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit $ Debit 127,424 85,496 3,300 10,600 54,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Notes Payable Common Stock Retained Earnings Sales Discounts Cost of Goods Sold Total 28,500 25,840 1,200 15,400 48,000 23,915 35,700 440 52,720 330,680 $ 181,855 General Ledger Income Statement > 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 will appear for each account, based on your selection. Post-closing Dates: Jul 17 to: Dec 31 - General Ledger Account Cash Accounts Receivable No. Date Debit Credit Date Debit Credit 39,440 32,640 2 4 7 Balance 33,000 65,640 46,056 85,496 Aug 22 Sep 27 Dec 08 9,280 11,550 19,584 Balance No. 37,040 76,480 5 67,200 8 55,650 55 6501 13 75,234 53,984 127,424 Jul 31 Aug 12 Sep 19 Sep 27 Oct 27 Nov 20 39,440 8 19,584 21,250 10 73,440 Inventory Allowance for Uncollectible Accounts Date Debit Credit No. No. Date Debit Credit Balance Balance 3,300 Jul 17 Jul 17 1 11,550 8,700 4 9,280 lo 7,490 9 Jul 17 Jul 31 Aug 12 Aug 22 Oct 27 Nov 20 Dec 04 Dec 08 Dec 31 21,250 11,550 2,850 12,130 4,640 25,890 7,820 29,060 19,080 10,600 18,070 21,240 14 15 9,980 8,480 Equipment Accumulated Depreciation Debit Credit No. Debit Credit No. Date Jul 17 Balance 54,000 Date Jul 17 Balance 28,500 Accounts Payable Interest Payable No. Debit Credit No. Debit Credit Date Jul 17 Balance 1,200 Date Jul 17 Jul 17 Sep 19 Dec 04 1 7 12 11,550 Balance 4,600 16,150 4,600 25,840 11,550 - 21,240 Income Tax Payable Debit Credit Notes Payable Debit Credit No. No. Date Jul 17 Balance 15,400 Date Jul 17 Balance 48,000 Common Stock Retained Earnings No. Debit Credit No. Debit Credit Date Jul 17 Balance 23,915 Date Jul 17 Balance 35,700 Sales Revenue Service Revenue Debit Credit No. No. Debit Credit Balance Date Jul 17 Dec 31 Balance 49,000 16 49,000 2 5 10 13 16 Date Jul 17 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 39,440 32,640 73,440 39,440 39,440 72,080 145,520 184,960 + 184,960 Sales Discounts Debit Credit Interest Revenue Debit Credit No. No. Date Jul 17 Balance 440 Date Jul 17 Dec 31 Balance 165 ol 16 165 W 16 Dec 31 165 Cost of Goods Sold Debit Credit No. Date Balance No. Date Jul 17 Dec 31 Depreciation Expense Debit Credit Balance 20,500 2 0,5000 3 17 11 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 8,700 7,490 18,070 9,980 8,480 8,700 16,190 34,260 44,240 52,720 14 15 Supplies Expense Debit Credit Salaries Expense Debit Credit No. Date No. Jul 17 Balance 1,400 0 Date Jul 17 Dec 31 Balance 33,000 0 17 Dec 31 1,400 17 33,000 No. No. Date Jul 17 Dec 31 Bad Debt Expense Debit Credit Balance 3,300 3,3000 Date Jul 17 Dec 31 Interest Expense Debit Credit Balance 2,700 2,7000 17 17 Income Tax Expense cxpense No. No. Debit Date Jul 17 Dec 31 Rent Expense Debit Credit Balance 3,300 3,3000 Date Jul 17 Dec 31 Credit Balance 15,400 15.4000 17 17 Insurance Expense Debit Credit No. Date Jul 17 Dec 31 Balance 5,700 17 5,700 General Journal Trial Balance > (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 $680 each. Jul. 17 Purchased 77 watches for $11,550 ($150 per watch) on account. Jul. 31 Sold 58 watches for $39, 440 cash. Aug. 12 Purchased 58 watches for $9, 280 ($160 per watch) cash. Aug. 22 Sold 48 watches for $32,640 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $19,584 for watches sold on account on August 22. Oct. 27 Purchased 125 watches for $21,250 ($170 per watch) cash. Nov. 20 Sold 108 watches for $73,440 cash. Dec. 4 Purchased 118 watches for $21, 240 ($180 per watch) on account. Dec. 8 Sold 58 watches for $39, 440 on account. Late 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. General General Trial Income Balance Require... Journal Ledger Balance Statem... Sheet Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closi GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Revenues Sales Revenue Service Revenue Net Sales 0 Gross Profit Operating Expense: Depreciation Expense Salaries Expense Supplies Expense Rent Expense Bad Debt Expense Insurance Expense 0 0 0 Total Operating Expenses Operating Income (Loss) I I Income Before Income Taxes $ 0 Requirement General Journal General General Ledger General Trial Balance Requirement Trial Balance Income Statement Income Balance Sheet Balance Sheet Notice the dropdown below that giv General Ledger 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. Post-closing GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit $ Debit 127,424 85,496 3,300 10,600 54,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Notes Payable Common Stock Retained Earnings Sales Discounts Cost of Goods Sold Total 28,500 25,840 1,200 15,400 48,000 23,915 35,700 440 52,720 330,680 $ 181,855 General Ledger Income Statement > 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 will appear for each account, based on your selection. Post-closing Dates: Jul 17 to: Dec 31 - General Ledger Account Cash Accounts Receivable No. Date Debit Credit Date Debit Credit 39,440 32,640 2 4 7 Balance 33,000 65,640 46,056 85,496 Aug 22 Sep 27 Dec 08 9,280 11,550 19,584 Balance No. 37,040 76,480 5 67,200 8 55,650 55 6501 13 75,234 53,984 127,424 Jul 31 Aug 12 Sep 19 Sep 27 Oct 27 Nov 20 39,440 8 19,584 21,250 10 73,440 Inventory Allowance for Uncollectible Accounts Date Debit Credit No. No. Date Debit Credit Balance Balance 3,300 Jul 17 Jul 17 1 11,550 8,700 4 9,280 lo 7,490 9 Jul 17 Jul 31 Aug 12 Aug 22 Oct 27 Nov 20 Dec 04 Dec 08 Dec 31 21,250 11,550 2,850 12,130 4,640 25,890 7,820 29,060 19,080 10,600 18,070 21,240 14 15 9,980 8,480 Equipment Accumulated Depreciation Debit Credit No. Debit Credit No. Date Jul 17 Balance 54,000 Date Jul 17 Balance 28,500 Accounts Payable Interest Payable No. Debit Credit No. Debit Credit Date Jul 17 Balance 1,200 Date Jul 17 Jul 17 Sep 19 Dec 04 1 7 12 11,550 Balance 4,600 16,150 4,600 25,840 11,550 - 21,240 Income Tax Payable Debit Credit Notes Payable Debit Credit No. No. Date Jul 17 Balance 15,400 Date Jul 17 Balance 48,000 Common Stock Retained Earnings No. Debit Credit No. Debit Credit Date Jul 17 Balance 23,915 Date Jul 17 Balance 35,700 Sales Revenue Service Revenue Debit Credit No. No. Debit Credit Balance Date Jul 17 Dec 31 Balance 49,000 16 49,000 2 5 10 13 16 Date Jul 17 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 39,440 32,640 73,440 39,440 39,440 72,080 145,520 184,960 + 184,960 Sales Discounts Debit Credit Interest Revenue Debit Credit No. No. Date Jul 17 Balance 440 Date Jul 17 Dec 31 Balance 165 ol 16 165 W 16 Dec 31 165 Cost of Goods Sold Debit Credit No. Date Balance No. Date Jul 17 Dec 31 Depreciation Expense Debit Credit Balance 20,500 2 0,5000 3 17 11 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 8,700 7,490 18,070 9,980 8,480 8,700 16,190 34,260 44,240 52,720 14 15 Supplies Expense Debit Credit Salaries Expense Debit Credit No. Date No. Jul 17 Balance 1,400 0 Date Jul 17 Dec 31 Balance 33,000 0 17 Dec 31 1,400 17 33,000 No. No. Date Jul 17 Dec 31 Bad Debt Expense Debit Credit Balance 3,300 3,3000 Date Jul 17 Dec 31 Interest Expense Debit Credit Balance 2,700 2,7000 17 17 Income Tax Expense cxpense No. No. Debit Date Jul 17 Dec 31 Rent Expense Debit Credit Balance 3,300 3,3000 Date Jul 17 Dec 31 Credit Balance 15,400 15.4000 17 17 Insurance Expense Debit Credit No. Date Jul 17 Dec 31 Balance 5,700 17 5,700 General Journal Trial Balance >

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