Journal entry worksheet 6 Unadjusted GREAT ADVENTURES, INCORPORATED Trial Balance October 22,2025 Journal entry worksheet Record the depreciation for vehicle purchased. Use straight-line depreciation. Note: Enter debits before credits. Record the expenditure related to vehicle maintenance on October 22, 2025. Note: Enter debits before credits. will appeai ivi ealil alluuill, vaseu vil yuui seIeliuil. 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 \multicolumn{3}{|l|}{ Revenues: } \\ \hline & 0 & \\ \hline & 0 & \\ \hline 7 & 0 & \\ \hline & 0 & \\ \hline Net Sales & 0 & \\ \hline \\ \hline Gross Profit & & s \\ \hline \multicolumn{3}{|l|}{ Operating Expenses: } \\ \hline \multirow{2}{*}{\multicolumn{3}{|c|}{ th }} \\ \hline & & \\ \hlineF & . & \\ \hline \multicolumn{3}{|l|}{7} \\ \hline & & \\ \hline \\ \hline \\ \hline & \\ \hline Total Operating Expenses & & $ \\ \hline Operating Income & & 0 \\ \hline \multicolumn{3}{|l|}{ Non-Operating Items: } \\ \hlineF & & 0 \\ \hline 4 & & 0 \\ \hline \end{tabular} Journal entry worksheet 1 Record the closing entry for expense accounts. Note: Enter debits before credits. appear for each account, based on your selection. Journal entry worksheet GREAT ADVENTURES, INCORPORATED \begin{tabular}{|c|c|c|c|c|} \hline No. & vate & eon & Crean & Barance \\ \hline & July 01 & & & 800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} No. & vate & veDit & Creart & Baance \\ \hline & July 01 & & & 27,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Bad Debt Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 2,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Expenso } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 2,100 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 2,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Income Tax Expense } \\ \hline No. & Date & Dobit & Credit & Balance \\ \hline & July 01 & & & 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 & July 01 & & & 5,100 \\ \hline \end{tabular} General Journal Trial Balance Journal entry worksheet 2 3 4 5 6 Record the expenditures related to the vehicle on July 1, 2025, Note: The capitalized cost of the vehicle is recorded in the Equipment account. Note: Enter debits before credits. \begin{tabular}{|l|l|l|} \hline Net Sales & & \\ \hline & & \\ \hline Gross Profit & & $ \\ \hline Operating Expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Operating Expenses & & \\ \hline Operating Income & & \\ \hline Non-Operating Items: & & \\ \hline & & \\ \hline Income Before Income Taxes & & \\ \hline & & \\ \hline & & 0 \\ \hline & & 0 \\ \hline & & 0 \\ \hline \end{tabular} "Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Long-term Notes Payable Common Stock Retained Earnings Service Revenue Sales Revenue Interest Revenue Sales Discounts Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense 8 Interest Expense Rent Expense Income Tax Expense Insurance Expense Total Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1,2025 , for $12,600. They expect to use the Suburban for five years and then sell the vehicle for $4,800. The following expenditures related to the vehicle were also made on July 1, 2025: - The company pays $1,950 to GEICO for a one-year insurance policy. - The company spends an extra $3,600 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. - An additional $2,150 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22,2025 , the company pays $700 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. 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. Record the adjusting entries in the 'General Journal' tab. 3. Review the adjusted 'Trial balance as of December 31, 2025, in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended December 31, 2025, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2025 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab. \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & - & & 21,305 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 34,200 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 46,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 112,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Interest Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 135 \\ \hline \end{tabular} \begin{tabular}{|r|r|c|r|r|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 380 \\ \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 & & & & 42,610 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Depreciation Expense } \\ \hline \multirow[t]{2}{*}{ No. } & Date & Debit & Crodit & Balance \\ \hline & July 01 & & & 17,500 \\ \hline \multicolumn{5}{|c|}{ Salaries Expenso } \\ \hline \multirow[t]{2}{*}{ No. } & Date & Dobit & Credit & Balance \\ \hline & July 01 & 3 & & 27,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Bad Debt Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 2,700 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Interest Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & July 01 & & & 2,100 \\ \hline \end{tabular}