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please help me plug in the numbers At the end of 2022, the following information is available for Great Adventures. - Additional interest for five
please help me plug in the numbers
At the end of 2022, the following information is available for Great Adventures. - Additional interest for five months needs to be accrued on the $31,800,6% loan obtained on August 1, 2021. Recall that annual Interest is paid each July 31 . - Assume that $11,800 of the $31,800 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 $26,800 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 belleves the likelihood of payment occurring is probable, and the estimated amount to be paid is $13,800. - 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 $5,800. 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.) Journal entry worksheet Additional interest for five months needs to be accrued on the $31,800,6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Notei Enter debits before crodits. At the end of 2022, the following information is available for Great Adventures. - Additional interest for five months needs to be accrued on the $31,800,6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31 . - Assume that $11,800 of the $31,800 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 $26,800 during the year anc 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 $13,800. - 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 $5,800. 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.) Journal entry worksheet Assume that $11,800 of the $31,800 loan discussed above is due next year. Note: Enter debits before credits. At the end of 2022, the following information is available for Great Adventures. - Additional interest for flve months needs to be accrued on the $31,800,6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. - Assume that $11,800 of the $31,800 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 $26,800 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 $13,800. - 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 $5,800. 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.) Journal entry worksheet By the end of the year, $20,000 in gift cards have been redeemed. The company had sold gift cards of $26,800 during the year and recorded those as Deferred Revenue. Note. Enter debits before credits, At the end of 2022, the following information is available for Great Adventures. - Additional interest for five months needs to be accrued on the $31,800,6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31 . - Assume that $11,800 of the $31,800 loan discussed above is due next yeat. - By the end of the year, $20,000 in gift cards have been redeemed. The company had sold git cards of $26,800 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 $13,800. - 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 $5,800. Prepare the journal entries for transactions. (If no entry is required for a particular transactionvevent, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Step by Step Solution
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