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Dok ences RWP9-1 (Algo) Great Adventures Continuing Case Tony's favorite memories of his childhood were the times he spent with his dad at camp.

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Dok ences RWP9-1 (Algo) Great Adventures Continuing Case Tony's favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, "I've always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place." On November 1, 2025, Great Adventures purchased the land by issuing a $460,000, 6%, 8-year installment note to the seller. Payments of $6,045 are required at the end of each month over the life of the 8-year loan. Each monthly payment of $6,045 includes both interest expense and principal payments (ie., reduction of the loan amount). Late that night. Tony exclaimed, "We now have land for our new camp; this has to be the best news ever!" Suzie said, "There's ook Journal entry worksheet < 1 rint rences Record the reclassification of long term note. Note: Enter debits before credits Transaction General Journal Debit Credit 46,661 Record entry Clear entry View general journal

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