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Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection.

GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Current Liabilities: $ $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 Total Current Assets 0 Total Liabilities 0 Stockholders' Equity Long-term Assets: 0 0 0 0 0 Total Stockholders' Equity 0 0 Total Liabilities and Stockholders'Equity $ $ 0 Total Assets Account Title Debit Credit $ Cash 89,070 Accounts Receivable 50,000 Allowance for Uncollectible Accounts 2,400 Inventory 7,000 Prepaid Insurance 900 Equipment 62,000 Accumulated Depreciation 25,250 Accounts Payable 20,800 Income Tax Payable 14,500 Deferred Revenue 25,000 Notes Payable (Long-term) 30,000 Common Stock 20,000 Retained Earnings 33,450 Service Revenue 44,500 Sales Revenue 100,000 Sales Discounts 350 Interest Revenue 120 Cost of Goods Sold 38,500 Depreciation Expense 17,250 Supplies Expense 500 Salaries Expense 24,000 Bad Debt Expense 2,400 Interest Expense 1,050 Rent Expense 2,400 Income Tax Expense 14,500 Insurance Expense 5,700 Repairs and Maintenance Expense 400 316,020 $ Total 316,020

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