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ony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an

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ony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an putdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional \$1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp. Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2024. Tony and Suzie each purchased 10,000 shates (20,000 sbares total) of \$1 par value common stock at \$1 per share. The following transactions affect stocktiolders equity duning the remainder of 2025 Norember, 5 Issue an additiona1 100,000 shares of common stock for $10 per share. Novesber 16 Wurehase 10,009 shares of 1ts own comon stock (1.e. treasury stock) for $15 per share. Novenber 24 desel1 4,000 shares of treasury. stoek at $16 per share. Decenber 20 . Day the cash didiend declared on Decebee 1. account. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Review the 'Trial Balance' as of December 31,2025 , in the 'Trial Balance' tab. 3. Prepare a multiple-step income statement for the period ended December 31, 2025, in the 'Income Statement' tab. 4. Prepare a classified balance sheet as of December 31 , 2025, in the 'Ealance Sheet' tab. 5. Record the closing entries in the 'General Joumal" tab. Journal entry worksheet 2 3 4 5 6 78 9 10 Record the issue of additional 100,000 shares of common stock for $10 per share. Wote: Entrr debits before credits. GREAT ADVENTURES, INCORPORATED \begin{tabular}{|l} GREAT ADVENTURES, INCORPORATED \\ \hline \end{tabular}

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