RWP8-1 (Static) Great Adventures Continuing Case (GL) At the end of 2025. the following information is avallable for Great Adventures. - 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 - Assume that $10,000 of the $30,000 note discussed above is due next year Record the entry to reclassify the current portion of the long-term note - By the end of the year $20,000 in git cards hove been redeemed. The company had sold git cards of $25,000 during the year and recorded those as Deteried Revenue - Great Adventures is a defendant in litgation involving a biknd accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, ond the estemated amount to be paid is $12.000. - For sales of MU watches, Great Adventures ofters a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $4.000 Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you thoose will be the values used to populate the income statement and balance sheet tabs. Post-closing 5 GREAT ADVENTURES, INCORPOIATED points Incoine Statement For the Period Ended Decomber 31, 2025 Prepare a dassfied balance sheetan of Berember 21.2025 , Choose the appropriate aceounts to ceenctete the company's balance shect. The unad/asted, adjusted, or post-cioning balances will appear for each account, bajed on your selection. RWP8-1 (Static) Great Adventures Continuing Case (GL) At the end of 2025. the following information is avallable for Great Adventures. - 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 - Assume that $10,000 of the $30,000 note discussed above is due next year Record the entry to reclassify the current portion of the long-term note - By the end of the year $20,000 in git cards hove been redeemed. The company had sold git cards of $25,000 during the year and recorded those as Deteried Revenue - Great Adventures is a defendant in litgation involving a biknd accident during one of its adventure races. The company believes the likelihood of payment occurring is probable, ond the estemated amount to be paid is $12.000. - For sales of MU watches, Great Adventures ofters a warranty against defect for one year. At the end of the year, the company estimates future warranty costs to be $4.000 Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you thoose will be the values used to populate the income statement and balance sheet tabs. Post-closing 5 GREAT ADVENTURES, INCORPOIATED points Incoine Statement For the Period Ended Decomber 31, 2025 Prepare a dassfied balance sheetan of Berember 21.2025 , Choose the appropriate aceounts to ceenctete the company's balance shect. The unad/asted, adjusted, or post-cioning balances will appear for each account, bajed on your selection