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The last two journal entries are the only ones that are wrong.If you could help me with the account name and how much I would

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The last two journal entries are the only ones that are wrong.If you could help me with the account name and how much I would greatly appreciate it.

At the end of 2022, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $30,000, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $10,000 of the $30,000 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 $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 year. At the end of the year, the company estimates future warranty costs to be $4,000. Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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.) No General Journal Debit Credit Date Dec 31 750 Interest Expense Interest Payable 750 Dec 31 10,000 Notes Payable (Long-term) Notes Payable (Current) 10,000 Dec 31 Deferred Revenue 20,000 20000 Sales Revenue Sales Revenue 20,000 Dec 31 Loss 12,000 Contingent Liability 12,000 Dec 31 4,000 Warranty Expense Warranty Liability 4,000 Dec 31 20,750 X Service Revenue Interest Revenue Sales Revenue 750 X 20,000 X Dec 31 Service Revenue 20,750 Interest Revenue 750 X 20,000 X Sales Revenue 7 | Dec 31 43,100 X Cash Interest Expense Supplies Expense Salaries Expense Income Tax Expense Insurance Expense Warranty Expense 1,050 X 19,500 10,000 X 2,250 X 6,300 X 4,000 Journal entry worksheet Ko @ @ @ @ 00 Record entry to close the revenue accounts. Note: Enter debits before credits. Date Credit Debit 20,750 Dec 31 General Journal Service Revenue Interest Revenue | Sales Revenue 750 20,000 Record entry Clear entry View general journal Journal entry worksheet Ko @ @ @ @ O Record entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Credit Debit 43,100 Dec 31 1,050 Cash Interest Expense Supplies Expense Salaries Expense Income Tax Expense 19,500 10,000 2,250 Insurance Expense 6,300 4,000 Warranty Expense At the end of 2022, the following information is available for Great Adventures. Additional interest for five months needs to be accrued on the $30,000, 6% loan obtained on August 1, 2021. Recall that annual interest is paid each July 31. Assume that $10,000 of the $30,000 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 $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 year. At the end of the year, the company estimates future warranty costs to be $4,000. Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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.) No General Journal Debit Credit Date Dec 31 750 Interest Expense Interest Payable 750 Dec 31 10,000 Notes Payable (Long-term) Notes Payable (Current) 10,000 Dec 31 Deferred Revenue 20,000 20000 Sales Revenue Sales Revenue 20,000 Dec 31 Loss 12,000 Contingent Liability 12,000 Dec 31 4,000 Warranty Expense Warranty Liability 4,000 Dec 31 20,750 X Service Revenue Interest Revenue Sales Revenue 750 X 20,000 X Dec 31 Service Revenue 20,750 Interest Revenue 750 X 20,000 X Sales Revenue 7 | Dec 31 43,100 X Cash Interest Expense Supplies Expense Salaries Expense Income Tax Expense Insurance Expense Warranty Expense 1,050 X 19,500 10,000 X 2,250 X 6,300 X 4,000 Journal entry worksheet Ko @ @ @ @ 00 Record entry to close the revenue accounts. Note: Enter debits before credits. Date Credit Debit 20,750 Dec 31 General Journal Service Revenue Interest Revenue | Sales Revenue 750 20,000 Record entry Clear entry View general journal Journal entry worksheet Ko @ @ @ @ O Record entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Credit Debit 43,100 Dec 31 1,050 Cash Interest Expense Supplies Expense Salaries Expense Income Tax Expense 19,500 10,000 2,250 Insurance Expense 6,300 4,000 Warranty Expense

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