Question: COMPREHENSIVE PROBLEM ( Completing the Accounting Cycle - Chapters 1 - 3 ) Walley World is a theme park in Valencia, California that began its

COMPREHENSIVE PROBLEM (Completing the Accounting Cycle - Chapters 1-3)
Walley World is a theme park in Valencia, California that began its operations on November 1,2023, with their Grand Opening occurring on December 1,2023. Walley World claims to boast the most daring roller coasters in the United States, with the Cookie Tosser Coaster featuring a 460ft. drop and speeds reaching as much as 135mph. People come from all over the world to enjoy the Cookie Tosser, as well as their other famous rides, such as the Brain Scrambler, the Knee Knocker, and the OMG.
The following transactions occurred during Walley World's first year of operations:
Nov 1 Issued $2,200,000 of common stock for cash.
Nov 3 Paid $20,000 to the property manager, Jim Halpert, for November Rent.
Nov 5 Purchased $900,000 of roller coaster equipment by signing a note, agreeing to repay principal and interest in 5 years. The equipment was purchased from Christopher Farleigh, who lives in a van down by the river.
Nov 10 Paid $60,000 in advance for a one-year general liability insurance policy from Ned Ryerson Insurance Group.
Nov 18 Hired 2 theme park managers, Clark Griswold and Van Wilder, who will start working on December 1. Surprisingly, both managers passed their drug tests and background checks.
Nov 20 Purchased $75,000 of supplies from Dunder Mifflin Office Supply Store on account.
Nov 22 Sold $700,000 of single-use pre-sale tickets for cash (to be used within one year of the theme park's grand opening).
Nov 27 Paid $12,000 to Frankenstein Electric Company for November utilities.
Nov 30 Sold $1,000,000 in annual season tickets for cash (valid for unlimited access to the theme park).
Dec 1 Prepaid $300,000 for billboard advertisements for 18 months.
Dec 18 Paid employee salaries totaling $48,000 for the current month.
Dec 27 Received a bill for $15,000 from Frankenstein Electric Company for December utilities, which will be paid on the due date, January 10,2024.
Dec 29 Paid $40,000 to the property manager, Jim Halpert, for December 2023 and January 2024 Rent.
Dec 31 Received $50,000 for on-site theme park admission sales in December.
Dec 31 Paid cash dividends of $2,500 to stockholders.
Please show T-accounts and unadjusted trial balances
 COMPREHENSIVE PROBLEM (Completing the Accounting Cycle - Chapters 1-3) Walley World

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