Mest #3C79050 Help S 6 Great Adventures Problem AP9-1 cada camp fony was daydreaming of those days ay's vote memones of his childhood were the times he spent with hend Surjoongue and cance of perty for sale. He turned so ze and sand The together if we had the money know always wanted to start a carp where familles could get away and spend some and bying $550,000 6% yar this would be the perfect place On November Adventures purchased the Byear as Each want note to the seles Payments of $2228 are seed of the end of each s payment of $7.228 includes both interest expense and principi pyments - son of the low Late that night Tony exceed. "We now have land for our new can this has to be the best news ever Sun There's 1. Complete the free of an amort Carrying on November 1, 2022, and the two day note payable as of December 31, 2022 2.43. Recent the purchase of land with the issuance of a long term nor pays November 30, 2022, and December 21, 2022, and calculate the remaining balance a Saved Help 15 6 points 04:1335 Print Great Adventures Problem AP9-1 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, 2022, Great Adventures purchased the land by issuing a $550,000, 6%, 8-year installment note to the seller. Payments of $7,228 are required at the end of each month over the life of the 8-year loan. Each monthly payment of $7,228 includes both interest expense and principal payments (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. Required: 1. Complete the first three rows of an amortization schedule. Change in Date 11/01/2022 Cash Paid Interest Expense Carrying Value Carrying Value 11/30/2022 12/31/2022 2. & 3. Record the purchase of land with the issuance of a long-term note payable on November 1, 2022, and the first two payments on November 30, 2022, and December 31, 2022, and calculate the remaining balance of the note payable as of December 31, 2022. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.)