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( i ) KWry - 7 ( AIgo ) Great Aaventures Continuing Case ( GL ) Tony's favorite memories of his childhood were the times

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KWry-7(AIgo) Great Aaventures Continuing Case (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 plece 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 $880,000,6%,10-year installment note to the seller. Payments of $9,770 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,770 includes both interest expense and princlpal 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!
\table[[Requirement,\table[[General],[Journal]],\table[[General],[Ledger]],Trial Balance,\table[[Income],[Statement]],Balance Sheet]]
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.)
View transaction Fist
View jaurmal entry workehaet
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