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please help it says my problem is incomplete. 8 PS 6:52 Required information Great Adventures Problem AP3-1 {The following information applies to the questions displayed

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8 PS 6:52 Required information Great Adventures Problem AP3-1 {The following information applies to the questions displayed below) Tony and Sune graduate from college in May 2021 and begin developing the new business. They begin by offering clinics for basic outdoor activities such as mountain biking or kayangUpon developing customer base they't hold their first adventure aces. These races will valve for person that race bonne checkpoint to the next using a combination of kayaking mountain biking. Orientering and training to the long run, they sian to sell outdoor get and develop a ropes course for outdoor enthusiasts On July 1 2021. Tony and Sustie organize their new company as a corporation Great Adventures inc. The articles of Incorporation state that the corporation will sell 22.000 shares of common stock for each Each share of stock represents a unit of ownership. Tony and Susie wil act as co-presidents of the company. The following transactions occur from July 1 through December els $10.500 ot tack to use Jale 6,300 watt 1 Purchase-yes policy for $3,538 te te urtanta ring wwel ul. 1 Pay teselte at $2.700 dinara a. Putet wupplies at 19.00 Tel. Tey form of 1 to local to it to be held on July 15. Attende will be charged Suthe day at the close 1. Nr. 12, Jl. 19 On the day of the ele, Great Adam Tomy conduct the mountain Relie. Jul 12 of the most of the theme elinie and the CARY 3,200. s. 2 Day Ste a Londratowe nie w bele on kuunt ID, and attendees can pay $150 in the day at the clinic. ul. 3 Great Adventures a 13.00 sets to the pool cle. Ang. 1 Great Ideature obtaine 31,00 lev-interest of the cute the city an, which has recently press initiati ca se plated to do estivities. The La la lah yeah .. Ang. The purch 14 kwake pin 534,000 Xog. 15 sty tonal kayakusa pe 54,D is to the 13.000 that we aid in o 10. the day aften, Teen the time Aug. 17 Sony candacta con kayak elis, ad the S.. A2 weet 15.000 phytolit Sep. 1to provide better toge fontein bed best shad 1 year. ming 59.000 1250 perance Sep. 21 Tony tekening me. There Det. 17 y conducta a string clini. Participante petice how to dratant a topaguhelm $17,500 D. Domy decides the theme interese 2- post will rece teen check the main ... til running and suck-uning at the timestay be complete all checkpoints in order with my feet 9610. De to be porn and rate the rewTony hiki nilager, Tits. Vieta will be paid 330 in aslary for the then the six salary will be at the race. The theme 31.10 timer where there with the sont recorded S. + the purchasini os 19.30 daye for the top in the net. Primal mack med en drinker participants, and told me to prepare the FCC De 15h 638, frately, the inside Dec. 1 the copy paga Victor's malety of 52.168. De.. they say Vene 14.12.2008). Dee. 31 Dis die panel money. Ty purchased a .0. by propean that they said. Ses secepta and they w The following information relates to your and adjusting entries as of December 31, 2021 Depreciation of the mountain bike purchased on July and as such an degut tot $2.300 Four months of the one year rental agreement purchased on September has expired. d of the $1,000 of office supplies purchased on y 4, 5200 cement e Interest expense on the $37,000 loan obtained from the city council on gist should be recorded. t Of the $2.000 of racing supples purchased on December 12.580 remains Susle calculates that the company owes $12,00 in inconto texts Great Adventures Problem AP3-1 Part 5 5. For the period July 1to December 31 2021. prepare an income statement statement of stockholders equity and dassified bice che Great Adventures Problem AP3-1 Part 5 5. For the period July 1 to December 31, 2021, prepare an income statement, statement of stockholders' equity and classified balance sheet. Complete this question by entering your answers in the tabs below. Income Stmt of Statement Stockholders Balance Sheet Equity For the period July 1 to December 31, 2021, prepare an income statement. GREAT ADVENTURES, Inc. Income Statement December 31, 2021 Revenues: Service Revenue (Clinic) $ 62,200 Service Revenue (Racing) 24,4001 $ 86,600 Total Revenues Expenses: Advertising Expense Legal Fees Expense Miscellaneous Expense Salaries Expense Depreciation Expense Insurance Expense Rent Expense Supplies Expense (Office) Supplies Expense (Racing) Interest Expense 1,170 1,700 1,500 2,800 7,300 1,980 1,000 610 1.820 925 13,500 Total Expense Net Income 34,305 52,295 $ Incomemom Stmt of Stockholders Equity > 5. For the period July 1 to December 31, 2021, prepare an income statement, statement of stockholders' equity and classified balance sheet s Complete this question by entering your answers in the tabs below. Income Stmt of Statement Stockholders Balance Sheet Equity For the period July 1 to December 31, 2021, prepare a statement of stockholders' equity. All account balances on July 1 were zero. GREAT ADVENTURES, Inc. Statement of Stockholders' Equity For the Period Ended December 31, 2021 Total Common Stock Retained Stockholders' Earnings Equity Balance at July 1 issuance of Common Stock 33,000 33,000 Net Income for 2021 52.295 Dividends (4.600) (4.600) Balance at December 31 33,000 $ 47.6955 28.400 Complete this question by entering your answers in the tabs below. Stmt of Income Statement Stockholders Balance Sheet Equity Prepare a classified balance sheet as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) GREAT ADVENTURES, Inc. Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Cash $ 104,970 Accounts Payable $ 2,000 Prepaid Insurance 1,980 Interest Payable 925 Prepaid Rent 2,000 Income Tax Payable 13,500 Supplies (Office) 390 Supplies (Racing) 180 Total Current Liabilities 16,425 Notes Payable 37,000 Total Current Assets 109,520 Total Liabilities 53,425 Long-term assets: Stockholders' Equity Equipment (Bikes) 17,600 Common Stock 33,000 Equipment (Kayaks) 14,300 Retained Eamings 47,695 Accumulated Depreciation (7.300) Total Stockholders' Equity 80,695 Total Assets $ 134,120 Total Liabilities and Stockholders' Equity $ 134,120

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