Use this adjusted trial balance to prepare an income statement, statement of stockholders’ equity, and a classified balance sheet as of December 31, 2024.

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Great Adventures Inc. Adjusted Trial Balance December 31, 2024 Cash Accounts Payable Supplies Common Stock Prepaid Insurance Legal Fees Expense Advertising Expense Equipment Service Revenue Deferred Revenue Notes Payable Miscellaneous Expense Prepaid Rent Salary Expense Dividends Depreciation Expense Accumulated Deprciation Insurance Expense Rent Expense Supplies Expense Interest Expense Interest Payable Income Tax Expense Income Tax Payable 73,600 2,300 750 1,600 1,100 46,000 20,000 1,200 2,000 6,000 6,000 4,600 750 1,000 3,100 875 16,000 4,500 24,000 101,900 35,000 4,600 875 16,000 186,875 186,875 Great Adventures Inc. Adjusted Trial Balance December 31, 2024 Cash Accounts Payable Supplies Common Stock Prepaid Insurance Legal Fees Expense Advertising Expense Equipment Service Revenue Deferred Revenue Notes Payable Miscellaneous Expense Prepaid Rent Salary Expense Dividends Depreciation Expense Accumulated Deprciation Insurance Expense Rent Expense Supplies Expense Interest Expense Interest Payable Income Tax Expense Income Tax Payable 73,600 2,300 750 1,600 1,100 46,000 20,000 1,200 2,000 6,000 6,000 4,600 750 1,000 3,100 875 16,000 4,500 24,000 101,900 35,000 4,600 875 16,000 186,875 186,875

Answer rating: 100% (QA)

Income Statement Great Adventures Inc Income Statement For the Year Ended December 31 2024 Service R... View the full answer