Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp.

Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders equity during the remainder of 2022:

November	5		Issue an additional 100,000 shares of common stock for $10 per share.
November	16		Purchase 10,000 shares of its own common stock (i.e., treasury stock) for $15 per share.
November	24		Resell 4,000 shares of treasury stock at $16 per share.
December	1		Declare a cash dividend on its common stock of $11,400 ($0.10 per share) to all stockholders of record on December 15.
December	20		Pay the cash dividend declared on December 1.
December	31		Pay $800,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account.

I solved all the journals. I just need to figure out the closing entry for revenue as well as the closing entry for expenses and loss.

Nov 16 Treasury Stock Cash 150,000 150,000 Nov 24 64,000 Cash Additional Paid-in Capital Treasury Stock 4,000 60,000 Dec 01 11,400 Dividends Dividends Payable 11,400 Dec 20 11,400 Dividends Payable Cash 11,400 Dec 30 800,000 Buildings Cash 800,000 Dec 31 Service Revenue Sales Revenue Cost of Goods Sold Retained Earnings 44,500 120,000 38,500 > 203,000 X Dec 31 71,150 X Retained Earnings Supplies Expense Salaries Expense Repairs and Maintenance Expense Income Tax Expense Warranty Expense Rent Expense Depreciation Expense Bad Debt Expense Insurance Expense 500 24,000 400 14,500 4,000 2,400 17,250 2,400 5,700 Trial Balance December 30, 2022 Account Title Credit $ Debit 180,568 50,000 2.400 7,000 900 500,000 62.000 25,250 800.000 20.800 750 14,500 5,000 475,869 48,014 12,000 4,000 120,000 90.000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Prepaid Insurance Land Equipment Accumulated Depreciation Buildings Accounts Payable Interest Payable Income Tax Payable Deferred Revenue Notes Payable (Long-term) Notes Payable (Current) Contingent Liability Warranty Liability Common Stock Treasury Stock Additional Paid-in Capital Retained Earnings Dividends Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Warranty Expense Loss Total 904.000 33.450 11,400 44,500 120.000 350 120 38,500 17.250 500 24,000 2.400 6.785 2.400 14,500 5.700 400 4,000 12.000 1.830,653 $ S 1.830.653