Required information Great Adventures Problem AP10-1 The following information applies to the questions displayed below) Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor 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. ences Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021. Tory and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at St per share. The following transactions affect stockholders' equity during the remainder of 2022: November 5 Issue an additional 100,000 shares of common stock for $10 per shara November 16 Purchase 10.000 shares of its own common stock (ie, treasury stock) on sis November 24 Rese114,000 shares of treasury stock at $16 per share, December 1 Declare cash dividend on its common stock of $11,400 (0.1 Wha t toch December 15. December 20 Pay the cash dividend declared on December 1. her pay $100.000 for construction of new cabins and other facilities. The expand Buildings account. t o My Blackboard Con > mport to look import to Look - How to open a mos... prehensive Problem 2 Required information rt 1 of 2 Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list ints Journal entry worksheet eBook Print Record the issue of additional 100,000 shares of common stock for $10 per General Journal Date November 05.2022 Required information Vrew transacion St rt 1 of 2 Journal entry worksheet 3 4 5 6 ints Record the purchase of 10,000 shares of its own common stock (I.e., treasury stock) for $15 per share. eBook print Note: Enter debits before credits. References Date General Journal Debit Credit November 16, 2022 Record entry Clear entry View general Journal Journal entry worksheet Record the resale of 4,000 shares of treasury stock at $16 per share. Note: Enter debits before credits. General Journal Debit Credit Date November 24, 2022 Record entry Clear entry View general Journal art 1 of 2 Journal entry worksheet > Record the payment of cash dividend declared on Dec. 1. eBook Print Note: Enter debits before credits. eferences General Journal Debit Credit Date December 20, 2022 Record entry Clear entry View general Journal Hy worksheet 2 3 4 1 5 6 Record the payment of $800,000 for construction of new cabins and other facilities. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2022 Record entry Clear entry View general Journal
