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i need help with questions 8-10 the entry close to revenue accounts, entry to close expenese accounts and entry to close the dividends account and

i need help with questions 8-10 the entry close to revenue accounts, entry to close expenese accounts and entry to close the dividends account and income statement sheet plus the balance sheet need all of that filled out thanks image text in transcribed
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Unadjusted GREAT ADVENTURES, INCORPORATED Trial Balance December 30,2025 \begin{tabular}{|c|c|c|} \hline & Debit & Credit \\ \hline Cash & & 396,632 \\ \hline NAccountsReceivable & 50,000 & \\ \hline Allowance for Uncollectible Accounts & & 2,400 \\ \hline Qinventory & 7,000 & \\ \hline Drepaid Insurance & 900 & \\ \hline SLand & 500,000 & \\ \hline NEquipment & 62,000 & \\ \hline Accumulated Depreciation & & 25,250 \\ \hline PBuildings & 800,000 & \\ \hline A Accounts Payable & & 20,800 \\ \hline Interest Payable & & 750 \\ \hline & & 14,500 \\ \hline Dividends Payable & & 22,800 \\ \hline Deferred Revenuo & & 5,000 \\ \hline DNotesPayable(Current) & & 48,014 \\ \hline Notes Payable (Long-term) & & 475,869 \\ \hline Contingent Liability & & 12,000 \\ \hline Warranty Labality & & 4,000 \\ \hline Common Stock & & 120,000 \\ \hline Treasury Stock & 90,000 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline - ireasury siock & yo,uou & \\ \hline WAdditionalPaid-inCapital & & 4,000 \\ \hline ERetainedEarnings & & 22,050 \\ \hline & & 44,500 \\ \hline DSalesRevenuo & & 120,000 \\ \hline Q Sales Discounts & 350 & \\ \hline Winterest Revenue & & 120 \\ \hline Cost of Goods Sold & 38,500 & \\ \hline Depreciation Expense & 17,250 & \\ \hline Supplies Expense & 500 & \\ \hline & 24,000 & \\ \hline EBadDebtExpense & 2.400 & \\ \hline EIntorestExpense & 6,785 & \\ \hline QRent Expense & 2.400 & \\ \hline Wincome Tax Expense & 14,500 & \\ \hline Insurance Expenso & 5,700 & \\ \hline NRepairsandMaintenanceExpense & 400 & \\ \hline W Warranty Expenso & 4,000 & \\ \hline MLoss & 12,000 & \\ \hline Total & 1,638,685 & 1,338,685 \\ \hline \end{tabular} 5 Record the entry on December 15, the date of record. Record the payment of cash dividend declared on December 1 . Record the payment of $800,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. 8 Record the entry to close the revenue accounts. 9 Record the entry to close the expense accounts. 10 Record the entry to close the dividends account. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Income Statement } \\ \hline \multicolumn{3}{|c|}{ For the Period Ended December 31, 2025} \\ \hline & $ & \\ \hlineF & 0 & \\ \hline & 0 & \\ \hline r & 0 & \\ \hline Net Sales & 0 & \\ \hline & 0 & \\ \hline Gross Profit & & $ \\ \hline \multicolumn{3}{|l|}{ Operating Expenses: } \\ \hline & 0 & \\ \hline r & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline7 & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline Total Operating Expenses & & 0 \\ \hline Operating Income (Loss) & & 0 \\ \hline & & 0 \\ \hline & & 0 \\ \hline & & 0 \\ \hline \end{tabular} GREAT ADVENTURES, INCORPORATED \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Balance Sheet } \\ \hline \multicolumn{6}{|c|}{ December 31,2025} \\ \hline \multicolumn{3}{|c|}{ Assets } & \multicolumn{3}{|l|}{ Liabilities } \\ \hline CurrentAssets & & & Current Liabilities: & & \\ \hline & s & 0 & & $ & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & of & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 00 & & & 0 \\ \hlineF & & 0 & Total Current Liabilities & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & & & & 0 \\ \hline Total CurrentAssets & & 0 & Total Liabilities & & 0 \\ \hline Long-term Assets: & & & Stockholders' Equ & & \\ \hline & & 0 & & & \\ \hline & & 0 & & & \\ \hline & & 0 & & & \\ \hline & & 0 & & & \\ \hline & & 07 & & & \\ \hline & & 0 & Total Stockholders' Equity & & 0 \\ \hline Total Assets & $ & 0 & Totaf Liabilities and Stockholders' Equity & $ & 0 \\ \hline \end{tabular} Tony and Suzle 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 ralse the additional funds for the camp. Great Adventures has authorized \$1 par value common stock. When the company began on July 1, 2024, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of \$1 par value common stock at \$1 per share. The following transactions affect stockholders' equity during the remainder of 2025 : Novenber 5 Is sue an additional 109,009 shares of comon stock for $10 per share. November 16 Purchase 10,000 shares of its own common stock (i.e.; treasury stock) for $15 per share. November 24 Resell 4,009 shares of treasury stock at $16 per share. December 1 Declore a cash dividend on its common stock of $11,400 ( $0.10 per share) to al1 stockholders of record on Deceeber 15. Decenber 20 Pay the cash dividend declared on Decenber 1 : Decenber 38 Pay $809,009 for construction of neu cabins arid other facilities. The entire expenditure is recorded in the Buildings account. Unadjusted GREAT ADVENTURES, INCORPORATED Trial Balance December 30,2025 \begin{tabular}{|c|c|c|} \hline & Debit & Credit \\ \hline Cash & & 396,632 \\ \hline NAccountsReceivable & 50,000 & \\ \hline Allowance for Uncollectible Accounts & & 2,400 \\ \hline Qinventory & 7,000 & \\ \hline Drepaid Insurance & 900 & \\ \hline SLand & 500,000 & \\ \hline NEquipment & 62,000 & \\ \hline Accumulated Depreciation & & 25,250 \\ \hline PBuildings & 800,000 & \\ \hline A Accounts Payable & & 20,800 \\ \hline Interest Payable & & 750 \\ \hline & & 14,500 \\ \hline Dividends Payable & & 22,800 \\ \hline Deferred Revenuo & & 5,000 \\ \hline DNotesPayable(Current) & & 48,014 \\ \hline Notes Payable (Long-term) & & 475,869 \\ \hline Contingent Liability & & 12,000 \\ \hline Warranty Labality & & 4,000 \\ \hline Common Stock & & 120,000 \\ \hline Treasury Stock & 90,000 & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline - ireasury siock & yo,uou & \\ \hline WAdditionalPaid-inCapital & & 4,000 \\ \hline ERetainedEarnings & & 22,050 \\ \hline & & 44,500 \\ \hline DSalesRevenuo & & 120,000 \\ \hline Q Sales Discounts & 350 & \\ \hline Winterest Revenue & & 120 \\ \hline Cost of Goods Sold & 38,500 & \\ \hline Depreciation Expense & 17,250 & \\ \hline Supplies Expense & 500 & \\ \hline & 24,000 & \\ \hline EBadDebtExpense & 2.400 & \\ \hline EIntorestExpense & 6,785 & \\ \hline QRent Expense & 2.400 & \\ \hline Wincome Tax Expense & 14,500 & \\ \hline Insurance Expenso & 5,700 & \\ \hline NRepairsandMaintenanceExpense & 400 & \\ \hline W Warranty Expenso & 4,000 & \\ \hline MLoss & 12,000 & \\ \hline Total & 1,638,685 & 1,338,685 \\ \hline \end{tabular} 5 Record the entry on December 15, the date of record. Record the payment of cash dividend declared on December 1 . Record the payment of $800,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. 8 Record the entry to close the revenue accounts. 9 Record the entry to close the expense accounts. 10 Record the entry to close the dividends account. \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ Income Statement } \\ \hline \multicolumn{3}{|c|}{ For the Period Ended December 31, 2025} \\ \hline & $ & \\ \hlineF & 0 & \\ \hline & 0 & \\ \hline r & 0 & \\ \hline Net Sales & 0 & \\ \hline & 0 & \\ \hline Gross Profit & & $ \\ \hline \multicolumn{3}{|l|}{ Operating Expenses: } \\ \hline & 0 & \\ \hline r & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline7 & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline & 0 & \\ \hline Total Operating Expenses & & 0 \\ \hline Operating Income (Loss) & & 0 \\ \hline & & 0 \\ \hline & & 0 \\ \hline & & 0 \\ \hline \end{tabular} GREAT ADVENTURES, INCORPORATED \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{ Balance Sheet } \\ \hline \multicolumn{6}{|c|}{ December 31,2025} \\ \hline \multicolumn{3}{|c|}{ Assets } & \multicolumn{3}{|l|}{ Liabilities } \\ \hline CurrentAssets & & & Current Liabilities: & & \\ \hline & s & 0 & & $ & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & of & & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & 00 & & & 0 \\ \hlineF & & 0 & Total Current Liabilities & & 0 \\ \hline & & 0 & & & 0 \\ \hline & & & & & 0 \\ \hline Total CurrentAssets & & 0 & Total Liabilities & & 0 \\ \hline Long-term Assets: & & & Stockholders' Equ & & \\ \hline & & 0 & & & \\ \hline & & 0 & & & \\ \hline & & 0 & & & \\ \hline & & 0 & & & \\ \hline & & 07 & & & \\ \hline & & 0 & Total Stockholders' Equity & & 0 \\ \hline Total Assets & $ & 0 & Totaf Liabilities and Stockholders' Equity & $ & 0 \\ \hline \end{tabular} Tony and Suzle 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 ralse the additional funds for the camp. Great Adventures has authorized \$1 par value common stock. When the company began on July 1, 2024, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of \$1 par value common stock at \$1 per share. The following transactions affect stockholders' equity during the remainder of 2025 : Novenber 5 Is sue an additional 109,009 shares of comon stock for $10 per share. November 16 Purchase 10,000 shares of its own common stock (i.e.; treasury stock) for $15 per share. November 24 Resell 4,009 shares of treasury stock at $16 per share. December 1 Declore a cash dividend on its common stock of $11,400 ( $0.10 per share) to al1 stockholders of record on Deceeber 15. Decenber 20 Pay the cash dividend declared on Decenber 1 : Decenber 38 Pay $809,009 for construction of neu cabins arid other facilities. The entire expenditure is recorded in the Buildings account

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