[The following information applies to the questions displayed below.] Now that operations for outdoor clinics and TEAM events are running smoothly, Suzie thinks of another area for business expansion. She notices that a few clinic participants wear multiuse (MU) watches. Beyond the normal timekeeping features of most watches, MU watches are able to report temperature, altitude, and barometric pressure. MU watches are waterproof, so moisture from kayaking, rain, fishing, or even diving up to 100 feet won't damage them. Suzie decides to have MU watches available for sale at the start of each clinic. The following transactions relate to purchases and sales of watches during the second half of 2025. All watches are sold for $860 each. Dok ences July 17 July 31 August 12 August 22 Purchased 104 watches for $15,600 ($150 per watch) on account. Sold 76 watches for $65, 360 cash. Purchased 76 watches for $12,160 ($160 per watch) cash. Sold 66 watches for $56,760 on account. September 19 Paid for watches purchased on July 17. September 27 Receive cash of $34,056 for watches sold on account on August 22. Purchased 170 watches for $27,540 ($162 per watch) cash. October 27 November 20 December 4 December B Sold 146 watches for $125,560 cash. Purchased 136 watches for $23,392 ($172 per watch) on account. Sold 76 watches for $65, 360 on account. Great Adventures, Incorporated D Accounts Cash Trial Balance December 31, 2025 Debit. $37,310 42,000 Credit Accounts Receivable. Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Raushin 63,000 $ 4,200 33,000 6.400 Save & Che Accounts Cash Accounts Receivable Great Adventures, Incorporated Trial Balance December 31, 2025 Allowance for Uncollectible Accounts Inventory nces Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Notes Payable (Long-term) Common Stock Retained Earnings Service Revenue Sales Revenue Interest Revenue Sales Discounts Cost of Goods Sold Depreciation Expense Insurance Expense Rent Expense Salaries Expense Supplies Expense Bad Debt Expense Interest Expense Income Tax Expense Totals Debit $ 37,310 Credit 42,000 $4,200 63,000 33,000 6,400 1,650 16,300 66,000 27,830 37,950 53,500 210 530 25,000 6,600 4,200 42,000 2,300 4,200 3,600 16,300 $247,040 $247,840 Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the Millwolchor are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Insurance Expense Rent Expense Salaries Expense Supplies Expense Bad Debt Expense Interest Expense Income Tax Expense Totals 6,600 4,200 42,000 2,300 4,200 3,600 16,300 $247,040 $247,040 Late in December, the next generation of multiuse (MU II) watches is released. In addition to all of the features of the MU watch, the MU II watches are equipped with a global positioning system (GPS) and have the ability to download and play songs and videos off the Internet. The demand for the original MU watches is greatly reduced. As of December 31, the estimated net realizable value of MU watches is only $100 per watch. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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. Post-closing Assets Current Asset GREAT ADVENTURES, INCORPORATED Balance Sheet December 31, 2025 Liabilities Current Liabilities Journal entry worksheet < 10 11 12 13 14 15 16 17 Record the closing entry for revenue accounts. Note: Enter debits before credits. Date December General Journal Debit Credit Service Revenue 31 Sales Revenue Interest Revenue Sales Discounts Retained Earnings View general journal Record entry Clear entry points eBook References 10 11 12 13 14 16 17 Record the closing entry for expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Retained Earnings Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Mort