60.1K

Verified Solution

Link Copied!

7,8,9, income statement and balance sheet please and thank you so much including 1,2,3,4,5,6 incase you need info but please dont just do those i already have those done thank you

Great Adventures Problem AP10-1 (GL) Tony and Suzie have purchased and 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 si million but unfortunately the bank turned them down as too risky Undeterred, they promoted their des 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 Si par value common stock. When the company began on July 1 2021. Tony and Suzie och purchased 10,000 shares (20,000 shares total of $1 par value common stock at $t per share. The following transactions affect stockholders' equity during the remainder of 2022. November Yan adattonal 100.000 Sheres of Contok for 10 share er 10.200 manat cock li tresty ) tur pit starts web Res 1.200 rot treasury stock 17 p. Declaran dividend it stock of 1,100.10 ) octor Decembran ray the cash dividend declared on December 1 betwo,000 for contraction of others. There in the ildings account Debat Dec 15 Requirement General General Trial Balance Income Balance Sheet Journal Ledger Statement Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first acount field) View transaction list Journal entry worksheet 7 8 9 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.) View transaction list Journal entry worksheet 7 8 9 > Prepare the closing entry for the revenue accounts Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal View transaction list ak Journal entry worksheet aces 7 8. 9 Prepare the closing entry for the dividend account. Note: Enter debts before credits Date General Journal Debit Credit Dec 31 View general Journal Record entry Clear entry HE Next Unadjusted Dates: Nov 05 to: Dec 30 GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 $ 0 0 0 Net Sales OOO 0 S 0 Gross Profit Operating Expense 0 OOOO 0 0 0 0 0 0 0 Total Operating Expenses Operating Income (Loss) 0 0 OO 0 $ 0 Udlances will appear for each account, based on your selection. Unadjusted Dates: Nov 05 to: Dec 30 GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets Current Liabilities: s 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 O 0 Total Liabilities 0 Total Current Assets Long-term Assets Stockholders' Equity 0 0 0 0 0 0 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ 0 $ Total assets A. Balance Sheet Journal entry worksheet

Answer & Explanation Solved by verified expert

See Answer