what is the income statement and balance sheet

Tony and Suzie have purchased land for a new camp Now they need money to build the cabins, dining facility, a topes course, and an outdoor swimming pool , Tony and Suzie first checked with Summit Bank to see if they could borrow an additional si 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 S1 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 S1 par value common stock at Si per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 116,000 shares of common stock for $10 per share. November 16 Purchase 11,600 shares of its own comoon stock (c., treasury stock for 323 per share. November 24 Resell 5,600 shares of treasury stock at $24 per share. December 1 Declare a cash dividend on its common stock of $23,000 (50.10 per share) to all stockholders of record on December 15. December20 Pay the cash dividend declared on December 1. Pay $840,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the buildings December 31 account Answer is not complete General General Income Requirement Trial Balance Journal Ledger Statement Balance sheet Prepare the Journal entries for transactions. (Il no entry is required for a particular wametfor event. Helect "No Journal intry Required in the first account field.) NO Credit Date Nov 05 Debit 1.150.000 1 General Journal Cash Common Stock Additional Paid-in Capital GO 136.000 1,044.000 2 Nov 16 266 300 Treasury Stock Cash OO 266 800 3 Nov 24 Cash ol 134 400 RAR 3 Nov 24 134,400 Cash Treasury Stock Additional Paid-in Capital O 128,800 5,600 4 4 Dec 01 Dividends Dividends Payable 13,000 >> 13,000 5 Dec 20 Dividends Payable Cash O 13,000 13,000 6 Dec 30 Buildings Cash 840,000 > 840,000 7 Dec 31 Service Revenue Interest Revenue 8 Dec 31 Retained Earnings Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Exponse Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Warranty Expenso Loss OOOOOO 0000000 9 Dec 31 13,000 Retained Earnings Dividends 13.000 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-closing 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, 2022 0 0 OO 0 0 Net Sales 0 0 Gross Profit Operating Expense $ 0 0 0 0 0 0 0 0 0 Total Operating Expenses Operating Income (Loss) 0 0 0 0 0 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet The balance sheet is the accounting equation: 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 to: Dec 31 GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets Current Liabilities 0 0 0 0 0 0 O 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 0 Total Liabilities 0 Total Current Assets Long-term Assets Stockholders' Equity 0 0 0 0 0 0 0 Total Stockholders Equity 0 Total Ulabilities and Stockholders Eqully Total assets > 13,000 5 Dec 20 Dividends Payable Cash O 13,000 13,000 6 Dec 30 Buildings Cash 840,000 > 840,000 7 Dec 31 Service Revenue Interest Revenue 8 Dec 31 Retained Earnings Cost of Goods Sold Depreciation Expense Supplies Expense Salaries Exponse Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Warranty Expenso Loss OOOOOO 0000000 9 Dec 31 13,000 Retained Earnings Dividends 13.000 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-closing 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, 2022 0 0 OO 0 0 Net Sales 0 0 Gross Profit Operating Expense $ 0 0 0 0 0 0 0 0 0 Total Operating Expenses Operating Income (Loss) 0 0 0 0 0 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet The balance sheet is the accounting equation: 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 to: Dec 31 GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets Current Liabilities 0 0 0 0 0 0 O 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 0 Total Liabilities 0 Total Current Assets Long-term Assets Stockholders' Equity 0 0 0 0 0 0 0 Total Stockholders Equity 0 Total Ulabilities and Stockholders Eqully Total assets