Can someone please help me understand why my accounting cycle #5 is incomplete by 17%? All my balances matches up in the Balance Sheet so I'm confused why one of my financial statements would be incomplete. It might have something to do with the blank spaces or maybe my order of liquidity is incorrect?

Please don't answer by listing every possible answer for the whole entire project because I've already done it. Just the income statement, stockholders' equity, and the balance sheet.

Thank you!

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RWP3-1 (Algo) Great Adventures Continuing Problem Part 5 5. For the period July 1 to December 31, 2024, prepare an income statement, statement of stockholders' equity and classified balance sheet. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Balance Sheet Equity For the period July 1 to December 31, 2024, prepare a statement of stockholders' equity. All account balances on July 1 were zero. GREAT ADVENTURES, INCORPORATED Statement of Stockholders' Equity For the Period Ended December 31, 2024 Balance at July 1 Add: Issuance of common stock Add: Net income Less: Dividends Balance at December 31 P Common Stock $ $ 0 24,000 Retained Earnings < Income Statement $ 24,000 $ 0 Total Stockholders' Equity $ 52,135 (4,500) 47,635 $ 0 24,000 52,135 (4,500) 71,635 Balance Sheet > RWP3-1 (Algo) Great Adventures Continuing Problem Part 5 5. For the period July 1 to December 31, 2024, prepare an income statement, statement of stockholders' equity and classified balance sheet. Complete this question by entering your answers in the tabs below. Income Statement Stmt of Stockholders Balance Sheet Equity For the period July 1 to December 31, 2024, prepare a statement of stockholders' equity. All account balances on July 1 were zero. GREAT ADVENTURES, INCORPORATED Statement of Stockholders' Equity For the Period Ended December 31, 2024 Balance at July 1 Add: Issuance of common stock Add: Net income Less: Dividends Balance at December 31 P Common Stock $ $ 0 24,000 Retained Earnings < Income Statement $ 24,000 $ 0 Total Stockholders' Equity $ 52,135 (4,500) 47,635 $ 0 24,000 52,135 (4,500) 71,635 Balance Sheet >

Answer rating: 100% (QA)

Based on the information provided it seems like your income statement is incomplete by 17 ... View the full answer