RECORD TRANSACTIONS AND FILL OUT BALANCE SHEET PLEASE!!!!!!!!!!!
Required information RWP10-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions displayed below/ Tony and Suzle have purchased land for a new camp. Now they need money to bulld the cabins, dining fachity, a ropes course, and an outdoor swmming pool, Tony and Suze first checked with Summit Bank to see if they could borrow an additional $1 milion, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close frrends they had made through the outdoor cinics and TEAM events. They deelded to go ahead and sell shares of stock in the company to rasse the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2024, Torty and Suzie each purchased 10,000 shares (20,000 shares total) of \$1 par value common stock at \$1 per share. The following transactions affect stockholders equity during the remainder of 2025 : Movenber 5 Issue an additional 114,090 shares of comen stock for s1o per share. Hovenber 16 Purchase 11,400 shares of its om comon stock (1.e.. treasury stock) for 822 per share. Hovesber 24 Resel1 5,490 shares of treasury stock at 323 per share. Deceeber 1 Declare a cash dividend on its comon stock of 512 , 800 (50.10 per share) to a11 stocktolders of record on Decenber 15 . Decenber 20 Pay the cash dividend declared on Decenber 1. Decenber 30 Pay 5835,000 for construction of new cabins and other facilitles. The entire expenditure is recorded in the fuitdines account. RWP10-1 (Algo) Great Adventures Continuing Case Part 1 Requtred: 1. Record each of these transactions. (If no entry is requited for a pontcular tronsoctlon/event, select "No Journol Entry Required" in the first occount feld.) close friends they had made through the outdoor clinics and TEAM events. They decided to go ahe 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 , each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. transactions affect stockholders' equity during the remainder of 2025 : November 5 Issue an additional 114,000 shares of common stock for 310 per share, November 16 Purchase 11,400 shares of its own common stock (1.e., treasury stock) for s22 per sha November 24 Resell 5,400 shares of treasury stock at $23 per share. December 1 Declare a cash dividend on its common stock of $12,800 ( $0.10 per share) to all stock December 15. December 20 Pay the cash dividend declared on December 1. December 30 Pay $835,060 for construction of new cabins and other facilities. The entire expendit, Buildings account. RWP10-1 (Algo) Great Adventures Continuing Case Part 2 2. Great Adventures has net income of $38,220 in 2025. Retained earnings at the beginning of 2025 was $ stockholders' equity section of the balance sheet for Great Adventures as of December 31, 2025. (Amounts Indicated with a minus sign.)
