in the first photo, please finish the "Record entry to close the revenue account"

in the second photo, please finish "record entry ro close the expense accounts"

in the third photo, please fill out the income statement.

in the fourth photo, please fill out the balance sheet.

please fill out the blanks.

RWP8-1 (Static) Great Adventures Continuing Case (GL) At the end of 2025, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $30,000,6% note payable obtained on August 1 , 2024. Recall that annual interest is paid each July 31 Assume that $10,000 of the $30,000 note discussed above is due next yeat. Record the entry to reclassify the current portion of the longterm note. By the end of the year, $20,000 in gift cards have been redeemed. The company had sold git cards of $25,000 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 likelhood of payment occurring is probable, and the estimated amount to be paid is $12,000. 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 $4,000. Prepare the joumal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet (1) (3) (5) 40 Record entry to close the revenue accounts. Note: Enter debits before credits. RWP8.1 (Static) Great Adventures Continuing Case (GL) At the end of 2025, the following information is available for Grent Adventures. - Additional interest for five months needs to be accuued on the $30,000,6K note payable obthined on August 1 , 2024. Recall that annual interest is paild each July 31 - Assume that $10,000 of the $30,000 note discussed above is due next yeat. Record the entry to reclassity the current portion of the long-term note. - By the end of the year, $20,000 in gif cards have been redeemed. The company had sold gift cards of $25,000 during the year and recorded those as Doferred Revenue. - Great Adventures is a defendant in lligation involving a biking aceident during one of its odverture races. The compary belicves the likellhood of payment occumring is probable, and the estimated amount to be peid is $12,000 - 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 wacranty costs to be $4,000. 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.) RWP8-1 (Static) Great Adventures Continuing Case (GL) At the end of 2025, the following information is avalable for Great Adventures. - Addifionat interest for five months needs to be acerued on the 530,000,65 note poyable obtained on August 1 , 2024. Rocall that annual interest is paid each July 31 - Assume that $10,000 of the $30,000 note discussed abeve is due next your. 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 compary had sold gitt cards of $25,000 during the year and recorded those as Deferred Revenue. - Great Adventures is a defendant in arigation involving a biking aceddent during one of its adverture races. The company believes the likelihood of payment occurring is probable, and the estimeted amount to be poid is $12.000 - For sales of MU watches, Great Adventures offers a warranty against defoct for one year. At the end of the year, the compnny estimates future warranty costs to be $4,000. Prepare an income statement for the period ended December 31, 2025. 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. RWP8-1 (Static) Great Adventures Continuing Case (GL) At the end of 2025, the following information is avallable for Great Adventures - Additional interest for five monthis needs to be accrued on the $30,000,6% note payable obtained on August 1 . 2024. Recall that annual interest is paid each July 31 - Assume that $10,000 of the $30,000 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 git cards of $25,000 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 $12,000. - For sales of MU watches, Great Adventures offers a warranty against defect for one yeat At the end of the yeac, the company estimates future warranty costs to be $4,000. Prepare a classified balance sheet as of December 31, 2025. 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