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 102,000 shares of common stock for $10 per share.

November 16 Purchase 10,200 shares of its own common stock (i.e., treasury stock) for $16 per share.

November 24 Resell 4,200 shares of treasury stock at $17 per share.

December 1 Declare a cash dividend on its common stock of $11,600 ($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 $805,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account.

Nov 05 1.020,000 Chah Common Stock Additional Paddin Capital 107.000 916,000 2 Nov 16 163,200 Trey Stock Cash 163.200 3 Nov 24 71,400 Cash Treasury Stock Additional Puldin Capital 67200 4200 4 Dec 01 Dividonds Dividends Payable DOS ol SO 11.800 11.600 Dec 20 Dividends Payable Cash 11,800 11,600 Dec 30 Buildings Cash 00 805,000 805.000 Dec 31 Service Revenue Sales Revenue Interest Revenue Retained Emings DOO 44,600 122.000 140 166,740 Dec 31 330,666 Rated Eamings Cost of Goods Sold Depreciation Eapens Supplies Expanse Sans Expanse Bad Debt est Expens Rent Expense Ooooo 38.600 17.350 550 2.500 2.450 7,034 2.500 14.500 5.000 $20 4200 12.200 Inca per Repaid Marance Expo Dec 1 RE 11.000 Pro 1 of 1 MacBook A Requirement General Journal General Ledger Til Balance Income Statement Balance Sheet Each Joumal entry is posted automatically to the general ledger. The unadjusted, or post-closing balances will appear for each account based on your selection Post-dosing Dates: Nov 05 to Dec 31 General Ledger Account Canh Account Receivable Debelt Credit Ne Debit Credit No Date Nov 05 Balance 50,200 1 2 1,020,000 IN Date Nov 05 Nov 05 Nov 16 Nov 24 Dec 20 Dec 30 163,200 LLLLL Balance 77,554 1.097,554 934 354 1.005,754 994.154 180 154 3 71.400 5 6 11,600 305,000 Ne Allowance for Uncollectible Account Date Deba Credit Novos Balance Inventory Debit No. Credit Date Nov 05 2420 Balance 7200 Popoldne Debit Credit Land No Data Ne Balance 520 Debit Nov 05 Date Noy os Credit Balance $20,000 Equipe Delt Accumulated Depreciation No. Date Nov 05 Credit No Balance 51,060 Debit Date Nov 05 Credit Balance 25.450 ge De Credit Accounts Payable Credit No Det Date Novos 5 Dec 30 Balance 20.000 605,000 05.000 ho Incine Tax Payable Det Credo Balance 000 Na News Date Novos ebit Credit 14.000 NG Deferred Rem Credit NO Date D. Credit Balance 200 MacBook Air No. Data Debat Credit No. Date Debit Credit Balance 50,034 Balance 494,304 Contingent by Debit Credit No. No Debit Credik Date Nov 08 Balance 12.200 Date Nov 05 Balance 4,200 Common Stock Debit Credit Tranury Stock Debit Credit No. Data No. Date Balance Balance 20,000 122,000 Nov 05 102,000 Nov 05 Nov 16 Nov 24 2 3 163.200 163,200 96,000 57,200 Additional Paid in Capital Debit Credit No Retained Caming Debit Credit No. Data Nov 05 Nov 05 Nov 24 Balance 0 18.000 922,200 7 918.000 4.200 Date Novos Dec 31 Dec 31 Dec 21 166,740 Balance 33,550 200,290 69.726 58,126 130564 11,600 9 No. Dividende Debit Date Credit Balance Service Revenue Debit Credit Ne Date Nov 05 Dec 31 Dec 01 Dec 31 11.00 Balance 44.500 0 11,800 44.800 11 600 Ne Debit Credit No. Date Novos Det Balance 22.000 Sales Discounts Debit Credit Date Nov 08 Dec 31 Balance 360 122.000 360 Instret av No Date De Credit Balance Cost of Goods Sold Debit Credit Ne Date Novos Balance 7 Dec 31 LAD Dec 31 38.600 Deprecen De Credit Suppliesponse Dem Credit Date NOVO De 100 MacBook Air Dec 31 Dec 31 38,600 Depreciation Debit Supplies to Debit de. Credit No. Credit Balanca Date Nov 05 Dec 31 Balance 17350 0 Date Nov 05 Dec 31 17.250 Pa 550 0 Sales Dipende Debit Credit No. Bad Debt Expanse Debit Credit No. Date Novos Dec 31 Balance 24,500 0 Date Now OS Dec 31 Balance 2.450 0 8 24.500 8 2.450 Internet Expense Debit Credit No. Rent Expense Debit Credit No. Date Nov 08 Dec 31 Balance 7,034 Date Nov 05 Dec 31 7034 Balance 2,800 0 0 8 2.500 No Income Tax Expense Debit Credit Date Novos Dec Balance 14,600 No Insurance Expense Debit Credit Date Nov 06 Dec 31 14.600 Balance 6.800 0 8 5,800 Rapland Maintenance and Date Debit Credit Ne No Warranty Expense Debit Credit Balance 420 0 Date Nevis Balance Dec 31 00 4200 Dec 31 4.200 0 LO Date De Credit Balance 12.200 12,200 MacBook Air FI F2 00 ecember 31 Buildings account. Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet The ending balance values from the General Ledger tab flows through to the That Balance below. The unadjusted, or post- closing balances will appear for each account, based on your selection Post-dosing Datest Nov 05 to: Dec 31 GREAT ADVENTURES, INC Tral Balance December 31, 2022 Account Title Credit Debit 189,154 50.200 Cash Account Receivable Allowance for colectible Acount inventory prince 2,420 Dund 7,200 920 520,000 64060 DE Abad Depreciation Building Acos Padre 25.450 305.000 Powered 25 000 800 14.000 200 50,034 194304 12.200 4.200 122 000 APC 0.000 Sa. 120 MacBook Air Seconber 31 Buildings account. Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, or post-dosing balances will appear for each account, based on your selection. Post-closing Dates: Nov 05 to Dec 31 GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2012 0 0 0 NetS 0 0 0 Gross Profi Operating Expense $ 0 0 0 O D 0. 6 G d 0 0 0 0 MacBook Air December 31 Pay $85,000 for construction of new cabins and other facilities. The entire expenditure is recorded in Buildings account. Answer is not complete. Gerveral Requirement General Ledger Trial Balance Income Statement Balance Sheet The balance sheet is the accounting equations Assets Liabilities - Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, or post-closing balances will appear for each account based on your selection, Post-closing Dates: Nov 05 v to: Dec 31 GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets Current List: 5 0 0 0 0 0 0 0 0 D D 0 0 0 0 O 0 Tot intarit 0 0 D 0 0 0 Long-bmw Stockholders' Equity 0 0 3 0 0 0 Tandheden 3 0 MacBook Air