What is missing to get the balance sheet to balance? Do I need to adjust anything for the general ledger or general journal as well?

Great Adventures Problem AP6-1 (GL) The following information applies to the questions displayed below.) points 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 2022. All watches are sold for $700 each. Jul. 17 Purchased 82 watches for $12,300 ($150 per watch) on account. Jul. 31 Sold 80 watches for $56,000 cash. Aug. 12 Purchased 60 watches for $9,600 ($160 per watch) cash. Aug. 22 Sold 50 watches for $35,000 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $21,000 for watches sold on account on August 22. Oct. 27 Purchased 130 watches for $22,100 ($170 per watch) cash. Nov. 20 Sold 110 watches for $77,000 cash. Dec. 4 Purchased 120 watches for $21,600 ($180 per watch) on account. Dec. 8 Sold 60 watches for $42,000 on account. Late in December, the next generation of multiuse (MUI) 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. X Answer is not complete. Require General General Journal Ledger Trial Balance Income Statem.. 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 Credit Date Jul 17 General Journal Inventory Accounts Payable Debit 12,300 12.300 1 Jul 31 56,000 I Cash | Sales Revenue 56,000 3 Jul 31 Cost of Goods Sold Inventory 12,001) 12,000 4 Aug 12 Inventory Cash 9,600 9,600M se os as ss ssss 5 Aug 22 Accounts Receivable Sales Revenue 35,000 35,000 Aug 22 Cost of Goods Sold Inventory 7.981 7,980 Sep 19 Accounts Payable 12,300 12.300 4 Aug 12 Inventory Cash 9.600 9,600 5 Aug 22 Accounts Receivable Sales Revenue 35,000 35.000 points Aug 22 7.980 Cost of Goods Sold Inventory 7.980 Sep 19 Accounts Payable 1 Cash 12,3007 12,300 8 Sep 27 Cash Accounts Receivable 21,001 21,000 9 Oct 27 22,100 Inventory Cash 22.100 10 Noy 20 Cash Sales Revenue 77,000 77,000 11 Nov 20 Cost of Goods Sold Inventory 18,580 18,580 12 Dec 04 21,600 Inventory Accounts Payable 21.600 basssssssssssssssssssssssssssssssssssss 13 Dec 08 Accounts Receivable Sales Revenue 42,000 42,000 14 Dec 08 Cost of Goods Sold Inventory 10.481 10,480 15 Dec 31 Cost of Goods Sold Inventory 7.361 7,360 16 Dec 31 Sales Revenue Service Revenue Interest Revenue Retained Earings Sales Discounts 210,000 49,500/ 170 259.220) 450M Dec 31 1,500 34.000 3.400 Retained Earnings Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Depreciation Expense Cost of Goods Sold 2.800 AUTH 3,400 15,500 5,800 21,0007 56.400 Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet points Prepare a classified balance sheet as of December 31, 2022. 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. Show less Post-closing GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Cash Current Liabilities: Accounts Payable Income Tax Payable Interest Payable Inventory Accounts Receivable 26,400 15,500 1,250 147,070 9,200 90,000 0 0 0 246,270 43,150 50,000 93,150 Total Current Assets Long-term Assets: Equipment Accumulated Depreciation Total Current Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings 55,000 (29,000) 24,350 151,370 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 175,720 268,870 Total Assets $ 272,270 $ X Answer is not complete. 20 General Journal Requirement General Ledger Trial Cederal Trial Balance Income Statement Balance Sheet points Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Post-closing GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit $ Debit 147,070 90,000 3,400 9,200 55,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Notes Payable Common Stock Retained Earnings Total 29,000 26,400 1,250 15,500 50,000 24,350 151,370 301270 301,270 S Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 20 points Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Dates: Jul 17 to: Dec 31 General Ledger Account Cash Accounts Receivable No. Date Debit Credit No. Date Debit Credit Jul 31 56,000 35,000 9.600 Balance 34,000 69,000 48,000 90,000 Balance 37,070 93,070 83,470 71,170 92,170 70,070 147,070 Aug 22 Sep 27 Dec 08 Aug 12 Sep 19 21,000 12.300 13 42,000 21,000 Sep 27 Oct 27 Nov 20 22,100 10 77.000 Inventory No. Allowance for Uncollectible Accounts Date Debit Credit Jul 17 No. Debit Credit Balance Balance 3,400 12,300 12.000 > 9,600 Date Jul 17 Jul 17 Jul 31 Aug 12 Aug 22 Oct 27 Nov 20 Dec 04 Dec 08 Dec 31 7,980 12,300 300 9,900 1.920 24,020 5.440 27,040 p 22,100 18,580 21,600 11 12 14 15 10.480 7,360 9,200 Equipment Debit Accumulated Depreciation Debit Credit No. Credit No. Date Jul 17 Balance 55,000 Date Jul 17 Balance 29,000 Accounts Payable Interest Payable Debit Credit No Date Debit Credit No. Date Jul 17 Balance 1,250 20 12,300 1 7 12 points Balance 4,800 17,100 4.800 26,400 Jul 17 Jul 17 Sep 19 Dec 04 12.300 21,600 Income Tax Payable Notes Payable Debit Credit No. Debit Credit No. Date Jul 17 Balance 15,500 Date Jul 17 Balance 50,000 Common Stock Retained Earnings No. Debit Credit No. Debit Credit Balance Date Jul 17 Balance 24,350 Date Jul 17 Dec 31 Dec 31 # 259,220 16 17 35,950 295,170 151,370 143,800 Sales Revenue Service Revenue Debit Credit No. Balance No. Debit Credit Balance Date Jul 17 Dec 31 49,500 16 49,500 Date Jul 17 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 56,000 35,000 77.000 42,000 56,000 91.000 168,000 210,000 # # 10 13 16 210,000 Sales Discounts Interest Revenue Debit Credit No. Debit Credit No. Balance Date Jul 17 Dec 31 Balance | 450 0 Date Jul 17 Dec 31 16 450 16 170 Cost of Goods Sold Debit Credit Depreciation Expense Debit Credit No. Date Balance No. Date Jul 17 Dec 31 Balance 21,000 20 points # 17 21,000 3 6 11 14 15 17 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 Dec 31 12,000 7.980 18,580 10,480 7,360 12,000 19,980 38,560 49,040 56,400 56,4000 Supplies Expense No. Debit Credit No. Date Jul 17 Dec 31 Balance 1,500 0 Date Jul 17 Dec 31 Salaries Expense Debit Credit Balance 34,000 34.0000 17 1,500 17 Bad Debt Expense Debit Credit No. No. Date Jul 17 Dec 31 Balance 3,400 0 Date Jul 17 Dec 31 Interest Expense Debit Credit Balance 2,800 2,8000 17 3,400 17 Rent Expense Income Tax Expense No. Debit Credit No. Debit Credit Date Jul 17 Dec 31 Balance 3,400 0 1 Date Jul 17 Dec 31 Balance 15,500 0 17 3,400 17 15,500 Insurance Expense No. Debit Credit Date Jul 17 Dec 31 Balance 5,800 17 5,800 Great Adventures Problem AP6-1 (GL) The following information applies to the questions displayed below.) points 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 2022. All watches are sold for $700 each. Jul. 17 Purchased 82 watches for $12,300 ($150 per watch) on account. Jul. 31 Sold 80 watches for $56,000 cash. Aug. 12 Purchased 60 watches for $9,600 ($160 per watch) cash. Aug. 22 Sold 50 watches for $35,000 on account. Sep. 19 Paid for watches purchased on July 17. Sep. 27 Receive cash of $21,000 for watches sold on account on August 22. Oct. 27 Purchased 130 watches for $22,100 ($170 per watch) cash. Nov. 20 Sold 110 watches for $77,000 cash. Dec. 4 Purchased 120 watches for $21,600 ($180 per watch) on account. Dec. 8 Sold 60 watches for $42,000 on account. Late in December, the next generation of multiuse (MUI) 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. X Answer is not complete. Require General General Journal Ledger Trial Balance Income Statem.. 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 Credit Date Jul 17 General Journal Inventory Accounts Payable Debit 12,300 12.300 1 Jul 31 56,000 I Cash | Sales Revenue 56,000 3 Jul 31 Cost of Goods Sold Inventory 12,001) 12,000 4 Aug 12 Inventory Cash 9,600 9,600M se os as ss ssss 5 Aug 22 Accounts Receivable Sales Revenue 35,000 35,000 Aug 22 Cost of Goods Sold Inventory 7.981 7,980 Sep 19 Accounts Payable 12,300 12.300 4 Aug 12 Inventory Cash 9.600 9,600 5 Aug 22 Accounts Receivable Sales Revenue 35,000 35.000 points Aug 22 7.980 Cost of Goods Sold Inventory 7.980 Sep 19 Accounts Payable 1 Cash 12,3007 12,300 8 Sep 27 Cash Accounts Receivable 21,001 21,000 9 Oct 27 22,100 Inventory Cash 22.100 10 Noy 20 Cash Sales Revenue 77,000 77,000 11 Nov 20 Cost of Goods Sold Inventory 18,580 18,580 12 Dec 04 21,600 Inventory Accounts Payable 21.600 basssssssssssssssssssssssssssssssssssss 13 Dec 08 Accounts Receivable Sales Revenue 42,000 42,000 14 Dec 08 Cost of Goods Sold Inventory 10.481 10,480 15 Dec 31 Cost of Goods Sold Inventory 7.361 7,360 16 Dec 31 Sales Revenue Service Revenue Interest Revenue Retained Earings Sales Discounts 210,000 49,500/ 170 259.220) 450M Dec 31 1,500 34.000 3.400 Retained Earnings Supplies Expense Salaries Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Depreciation Expense Cost of Goods Sold 2.800 AUTH 3,400 15,500 5,800 21,0007 56.400 Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet points Prepare a classified balance sheet as of December 31, 2022. 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. Show less Post-closing GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Cash Current Liabilities: Accounts Payable Income Tax Payable Interest Payable Inventory Accounts Receivable 26,400 15,500 1,250 147,070 9,200 90,000 0 0 0 246,270 43,150 50,000 93,150 Total Current Assets Long-term Assets: Equipment Accumulated Depreciation Total Current Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings 55,000 (29,000) 24,350 151,370 Total Stockholders' Equity Total Liabilities and Stockholders' Equity 175,720 268,870 Total Assets $ 272,270 $ X Answer is not complete. 20 General Journal Requirement General Ledger Trial Cederal Trial Balance Income Statement Balance Sheet points Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Post-closing GREAT ADVENTURES, INC. Trial Balance December 31, 2022 Account Title Credit $ Debit 147,070 90,000 3,400 9,200 55,000 Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Equipment Accumulated Depreciation Accounts Payable Interest Payable Income Tax Payable Notes Payable Common Stock Retained Earnings Total 29,000 26,400 1,250 15,500 50,000 24,350 151,370 301270 301,270 S Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 20 points Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Post-closing Dates: Jul 17 to: Dec 31 General Ledger Account Cash Accounts Receivable No. Date Debit Credit No. Date Debit Credit Jul 31 56,000 35,000 9.600 Balance 34,000 69,000 48,000 90,000 Balance 37,070 93,070 83,470 71,170 92,170 70,070 147,070 Aug 22 Sep 27 Dec 08 Aug 12 Sep 19 21,000 12.300 13 42,000 21,000 Sep 27 Oct 27 Nov 20 22,100 10 77.000 Inventory No. Allowance for Uncollectible Accounts Date Debit Credit Jul 17 No. Debit Credit Balance Balance 3,400 12,300 12.000 > 9,600 Date Jul 17 Jul 17 Jul 31 Aug 12 Aug 22 Oct 27 Nov 20 Dec 04 Dec 08 Dec 31 7,980 12,300 300 9,900 1.920 24,020 5.440 27,040 p 22,100 18,580 21,600 11 12 14 15 10.480 7,360 9,200 Equipment Debit Accumulated Depreciation Debit Credit No. Credit No. Date Jul 17 Balance 55,000 Date Jul 17 Balance 29,000 Accounts Payable Interest Payable Debit Credit No Date Debit Credit No. Date Jul 17 Balance 1,250 20 12,300 1 7 12 points Balance 4,800 17,100 4.800 26,400 Jul 17 Jul 17 Sep 19 Dec 04 12.300 21,600 Income Tax Payable Notes Payable Debit Credit No. Debit Credit No. Date Jul 17 Balance 15,500 Date Jul 17 Balance 50,000 Common Stock Retained Earnings No. Debit Credit No. Debit Credit Balance Date Jul 17 Balance 24,350 Date Jul 17 Dec 31 Dec 31 # 259,220 16 17 35,950 295,170 151,370 143,800 Sales Revenue Service Revenue Debit Credit No. Balance No. Debit Credit Balance Date Jul 17 Dec 31 49,500 16 49,500 Date Jul 17 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 56,000 35,000 77.000 42,000 56,000 91.000 168,000 210,000 # # 10 13 16 210,000 Sales Discounts Interest Revenue Debit Credit No. Debit Credit No. Balance Date Jul 17 Dec 31 Balance | 450 0 Date Jul 17 Dec 31 16 450 16 170 Cost of Goods Sold Debit Credit Depreciation Expense Debit Credit No. Date Balance No. Date Jul 17 Dec 31 Balance 21,000 20 points # 17 21,000 3 6 11 14 15 17 Jul 31 Aug 22 Nov 20 Dec 08 Dec 31 Dec 31 12,000 7.980 18,580 10,480 7,360 12,000 19,980 38,560 49,040 56,400 56,4000 Supplies Expense No. Debit Credit No. Date Jul 17 Dec 31 Balance 1,500 0 Date Jul 17 Dec 31 Salaries Expense Debit Credit Balance 34,000 34.0000 17 1,500 17 Bad Debt Expense Debit Credit No. No. Date Jul 17 Dec 31 Balance 3,400 0 Date Jul 17 Dec 31 Interest Expense Debit Credit Balance 2,800 2,8000 17 3,400 17 Rent Expense Income Tax Expense No. Debit Credit No. Debit Credit Date Jul 17 Dec 31 Balance 3,400 0 1 Date Jul 17 Dec 31 Balance 15,500 0 17 3,400 17 15,500 Insurance Expense No. Debit Credit Date Jul 17 Dec 31 Balance 5,800 17 5,800