i need help with all those requirements for this specific problem
At the end of 2022, the following information is available for Great Adventures . Additional interest for five months needs to be accrued on the $33,000,6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31 Assume that $13,000 of the $33,000 loan discussed above is due next year. By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $28,000 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 $15,000, 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 $7,000 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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, 2022, in the Trial Balance' tab. 3. Prepare a multiple step income statement for the period ended December 31, 2022, in the Income Statement' tab. 4. Prepare a classified balance sheet as of December 31, 2022, in the Balance Sheet' tab. 5. Record the closing entries in the 'General Journal' tab General Journal TUULUIS, LV pri For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the con estimates future warranty costs to be $7,000. General Journal Income Statement General Requirement Trial Balance Balance Sheet Ledger Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry R in the first account field.) Book View transaction list BE No Date View journal entry worksheet General Journal Interest Expense Interest Payable Credit Debit 825 1 Dec 31 825 Print 12 2 Dec 31 No Journal Entry Required References / 3 Dec 31 Deferred Raven Sales Revenue 15.000 15.000 4 Dec 31 Loss Contingent Liability 7,000 7.000 5 5 Dec 31 Warranty Expense Warranty Labaty 7000 7.000 Dec 31 Oferred Revenge Income Tax Payable 20,000 20.000 7 Dec 31 No Journal Entry Required estimates Tuture warranty costs to be $7,000. 0 oints Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare an income statement for the period ended December 31, 2022. Choose the appropriate accounts company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each acc selection eBook Post-closing ASK GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Print Revenues o References 0 0 0 Net Sales 0 0 0 Gross Profit Operating Expenses $ 0 0 0 0 0 0 O Tour Operating Expenses Opening income Los) 0 Me + 4+ His v v vi vy +4 + 4+ v uy t + 4 v 4 v 4 v 4s, ai vu k 4 x 144 14 4 4 4 4 4 4 4 4 4 - Mua vu t 4 4 v v. For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the estimates future warranty costs to be $7.000 General General Income Requirement Journal Trial Balance Balancsheet Ledger Statement Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's bala The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets Current Liabilities 0 ente 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 Total Current Assets Long-term Assets ro Total Liabilities 0 0 Stockholders' Equity 0 0 0 0 0 0 0 Total Asset Total Stockholders' Equity Total abilities and Stockholders Equity 0 estimates Tuture warranty costs to be $7,000. 0 oints Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare an income statement for the period ended December 31, 2022. Choose the appropriate accounts company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each acc selection eBook Post-closing ASK GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 Print Revenues o References 0 0 0 Net Sales 0 0 0 Gross Profit Operating Expenses $ 0 0 0 0 0 0 O Tour Operating Expenses Opening income Los) 0 Me + 4+ His v v vi vy +4 + 4+ v uy t + 4 v 4 v 4 v 4s, ai vu k 4 x 144 14 4 4 4 4 4 4 4 4 4 - Mua vu t 4 4 v v. For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the estimates future warranty costs to be $7.000 General General Income Requirement Journal Trial Balance Balancsheet Ledger Statement Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's bala The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets Current Liabilities 0 ente 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 Total Current Assets Long-term Assets ro Total Liabilities 0 0 Stockholders' Equity 0 0 0 0 0 0 0 Total Asset Total Stockholders' Equity Total abilities and Stockholders Equity 0
