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Great Adventures Problem AP9-1 (GL) Tony's favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of
Great Adventures Problem AP9-1 (GL) 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, "Tve 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, 2022. Great Adventures purchased the land by issuing a $860,000,6%, 10-year installment note to the seller. Payments of $9,548 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,548 includes both interest expense and principal payments (i.e., 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 something else I need to tell you. I'm expecting!" They decided right then, if it was a boy, they would name him Venture. General General Income euirement Journal Journal Ledger Ledger Trial Balance Balance Sheet de Statement Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required In the first account field.) Journal entry worksheet
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