Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, selec in the first account fleld.) Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Jou in the first account field.) Journal entry worksheet Great Adventures is a defendant in litigation involving a biking accident during one of its adventure races. The company believes the likellhood of payment occurring is probable, and the estimated amount to be paid is $12,000. Record the adjusting entry. Note: Enter debits before credits, repare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Required" in the first account field.) Journal entry worksheet \begin{tabular}{llllll} 1 & 2 & 3 & 4 & 5 \end{tabular} Record entry to close the expense accounts. Prepare a classifled balance sheet as of December 31,2025 . Choose the appropriate accounts to complete the company's bal The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No in the first account fleld.) Journal entry worksheet Note: Enter debits before credits. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, se In the first account fleld.) Journal entry worksheet 7 Additional interest for five months needs to be accrued on the $30,000,6% note payable obtained on August 1,2024 . Recall that annual interest is paid each July 31 . Record the adjusting entry. Note: Enter debits before credits. \begin{tabular}{|c|c|c|c|} \hline & Account Title & Debit & Credit \\ \hline NCash & & 89,070 & \\ \hline DAccountsReceivable & & 50,000 & \\ \hline Aliowance for Uncollectible Accounts & & & 2,400 \\ \hline AInventory & & 7,000 & \\ \hline Wrepaid Insurance & & 900 & \\ \hline Equipment & Sfith & 62,000 & \\ \hline Accumulated Depreciation & & & 25,250 \\ \hline Accounts Payable & & & 20,800 \\ \hline A Income Tax Payable & & & 14,500 \\ \hline EDeferred Revenue & & & 25,000 \\ \hline Notes Payable (Long-term) & & & 30,000 \\ \hline Common Stock & & & 20,000 \\ \hline Retained Earnings & & & 33,450 \\ \hline \$Service Revenue & & & 44,500 \\ \hline BSalesRevenue & & & 100,000 \\ \hline Sales Discounts & & 350 & \\ \hline AinterestRevenue & & & 120 \\ \hline W Cost of Goods Sold & & 38,500 & \\ \hline Depreciation Expense & & 17,250 & \\ \hline A Supplies Expense & & 500 & \\ \hline Salaries Expense & & 24,000 & \\ \hline DBadDebtExpense & & 2,400 & \\ \hline W Interest Expense & & 1,050 & \\ \hline WRent Expense & & 2,400 & \\ \hline NincomeTaxExpense & 7 & 14,500 & \\ \hline DInsuranceExpense & & 5,700 & \\ \hline Repairs and Maintenance Expense & & 400 & \\ \hline Total & & 316,020s & 316.020 \\ \hline \end{tabular} Unadjusted GREAT ADVENTURES, INCORPORATED Income Statement For the Period Ended December 31, 2025 Revenues Net Sales Gross Profit Operating Expenses Total Operating Expenses Operating Income (Loss) \begin{tabular}{|l|l|l|} \hline & & \\ \hline & & \\ \hline Income Before Income Taxes & & \\ \hline & & \\ \hline \end{tabular} Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No in the first account fleld.) Journal entry worksheet For sales of MU watches, Great Adventures offers a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $4,000. Record the adjusting entry. Note: Enter debits before credits