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 faise the additional funds for the camp. Great Adventures has authorized \$1 par value common stock. When the company began on July 1, 2024. Tony and Suzie each purchased 10,000 shares (20,000 shares totai) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2025 : November 5 Insue an additional 100,000 shares of comon stock for $10 per share. Novesber 16 purchase 10,000 shares of its own common stoek (1.e., treasury atoek) for sts per abare. November 24 Resel1 4,000 shares of treasury stoek at $16 per share. December 1 Declare a cash dividend on its ecmmon stock of $11,400 (\$0,10 per share) to all stockholders of record on Decenber 15 . Decenber 20 Pay the eash dividend declared on December 1. December 30 pay $1100,000 for construetion of new eabios and other faeilities. The entire expenditure is recorded in the lifidingin account. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Review the 'Trial Balance' as of December 31,2025 , in the 'Trial Balance' tab. 3. Prepare a multiple-step income statement for the period ended December 31, 2025, in the 'Income Statement' tab. 4. Prepare a classined balance sheet as of December 31, 2025, in the 'Balance Sheet' tab. 5. Record the closing entries in the 'General Journal' tab, Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, sele in the first account field.) Journal entry worksheet \begin{tabular}{llllll} 6 & 7 & 8 & 9 & 10 & > \end{tabular} Record the issue of additional 100,000 shares of common stock for $10 per share. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select in the first account field.) Journal entry worksheet 1 6 9 10 Record the purchase of 10,000 shares of its own common stock (i.e., treasury stock) for $15 per share. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journ in the first account field.) Journal entry worksheet 1 78910 Record the resale of 4,000 shares of treasury stock at $16 per share. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal in the first account field.) Journal entry worksheet 1 7 8 9 10 Record the declaration of $11,400 ( $0.10 per share) cash dividend on its common stock to all stockholders of record on December 15. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No in the first account field.) Journal entry worksheet 1 7 8 9 10 Record the entry on December 15, the date of record. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event in the first account field.) Journal entry worksheet 1 7 8 9 10 Record the payment of cash dividend declared on December 1. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Jo in the first account field.) Journal entry worksheet 1 910 Record the payment of $800,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select in the first account field.) Journal entry worksheet 1 5 6 7 9 10 Record the entry to close the revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits. General Ledger Account \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Cash } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 77,968 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accounts Receivable } \\ \hline No. & Date & Debit & Credit . & Balance \\ \hline & November 05 & & & 50,000 \\ \hline \end{tabular} Allowance for Uncollectible Accounts \begin{tabular}{|c|c|c|c|c|} \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 2,400 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Prepaid Insurance } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 900 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Equipment } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 62,000 \\ \hline \end{tabular} \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Accounts Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 20,800 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Income Tax Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 14,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Inventory } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 7,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Land } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 500,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Accumulated Depreciation } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 25,250 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Interest Payable } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 750 \\ \hline \end{tabular} Deferred Revenue \begin{tabular}{|l|c|c|c|c|} \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 5,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Notes Payable (Current) } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 48,014 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Notes Payable (Long-term) } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 475,869 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Contingent Llability } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 12,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Warranty Liability } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 4,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Common Stock } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 20,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Retained Earnings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 33,450 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Service Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 44,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Sales Revenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 120,000 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 350 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ Interest Rovenue } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 120 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Cost of Goods Sold } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 38,500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Depreciation Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 17,250 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 500 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|r|r|} \hline \multicolumn{7}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 24,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Bad Debt Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 2,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Interest Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 6,78.5 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Rent Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 2,400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Income Tax Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 14,500 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{7}{|c|}{ Insurance Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & Novernber 05 & & & 5,700 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Repairs and Maintenance Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 400 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Warranty Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 4,000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Loss } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & November 05 & & & 12,000 \\ \hline \end{tabular} General Journal Trial Balance Unadjusted GREAT ADVENTURES, INCORPORATED Trial Balance December 30,2025 Goneral Lodger Income Statement Choose the appropriate accounts to be reported on the income statement. The unadjusted or post-closing for each account, based on your selection. \begin{tabular}{|c|c|c|c|} \hline Gross Profit & & $ & \\ \hline Operating Expenses: & \% & & \\ \hline & 0 & & \\ \hline & 0 & & \\ \hline & 0 & & \\ \hline & 0 & & \\ \hline & 0 & r2 & 5 \\ \hline & 0 & & 7 \\ \hline & 0 & & \\ \hline & & & \\ \hline & 0 & & \\ \hline & 0 & & \\ \hline Total Operating Expenses. & & & 0 \\ \hline Operating Income (Loss) & i & & 0 \\ \hline L & & & 0 \\ \hline E & & 3 & 0 \\ \hline & & 5 & 0 \\ \hline 5 & & & 0 \\ \hline & & $ & 0 \\ \hline \end{tabular} Unadjusted Income statement Balanes shevt