! Required information RWP10-1 (Algo) Great Adventures Continuing Case [The following information applies to the questions...

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! Required information RWP10-1 (Algo) Great Adventures Continuing Case [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. Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2024, Tony 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: November 5 Issue an additional 116,000 shares of common stock for $10 per share. November 16 Purchase 11,600 shares of its own common stock (i.e., treasury stock) for $23 per share. November 24 Resell 5,600 shares of treasury stock at $24 per share. December 1 Declare a cash dividend on its common stock of $13,000 ($0.10 per share) to all stockholders of record on December 15. December 20 Pay the cash dividend declared on December 1. December 30 Pay $840,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Journal entry worksheet 1 2 3 4 5 7 Record the issue of additional 116,000 shares of common stock for $10 per share. Note: Enter debits before credits. Date November 05, 2025 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 Record the purchase of 11,600 shares of its own common stock (i.e., treasury stock) for $23 per share. Note: Enter debits before credits. Date November 16, 2025 General Journal Debit Credit Journal entry worksheet 12 3 4 5 67 Record the declaration of $13,000 ($0.10 per share) cash dividend on its common stock to all stockholders of record on December 15. Note: Enter debits before credits. Date December 01, 2025 General Journal Debit Credit Journal entry worksheet 1 2 3 4 5 6 7 Record the resale of 5,600 shares of treasury stock at $24 per share. Note: Enter debits before credits. Date November 24, 2025 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 Record the entry on December 15, the date of record. Note: Enter debits before credits. Date December 15, 2025 General Journal Debit Credit > Journal entry worksheet < 1 2 3 4 5 6 7 Record the payment of $840,000 for construction of new cabins and other facilities. Note: Enter debits before credits. Date December 30, 2025 General Journal Debit Credit ! Required information RWP10-1 (Algo) Great Adventures Continuing Case [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. Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2024, Tony 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: November 5 Issue an additional 116,000 shares of common stock for $10 per share. November 16 Purchase 11,600 shares of its own common stock (i.e., treasury stock) for $23 per share. November 24 Resell 5,600 shares of treasury stock at $24 per share. December 1 Declare a cash dividend on its common stock of $13,000 ($0.10 per share) to all stockholders of record on December 15. December 20 Pay the cash dividend declared on December 1. December 30 Pay $840,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Journal entry worksheet 1 2 3 4 5 7 Record the issue of additional 116,000 shares of common stock for $10 per share. Note: Enter debits before credits. Date November 05, 2025 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 Record the purchase of 11,600 shares of its own common stock (i.e., treasury stock) for $23 per share. Note: Enter debits before credits. Date November 16, 2025 General Journal Debit Credit Journal entry worksheet 12 3 4 5 67 Record the declaration of $13,000 ($0.10 per share) cash dividend on its common stock to all stockholders of record on December 15. Note: Enter debits before credits. Date December 01, 2025 General Journal Debit Credit Journal entry worksheet 1 2 3 4 5 6 7 Record the resale of 5,600 shares of treasury stock at $24 per share. Note: Enter debits before credits. Date November 24, 2025 General Journal Debit Credit Journal entry worksheet < 1 2 3 4 5 6 7 Record the entry on December 15, the date of record. Note: Enter debits before credits. Date December 15, 2025 General Journal Debit Credit > Journal entry worksheet < 1 2 3 4 5 6 7 Record the payment of $840,000 for construction of new cabins and other facilities. Note: Enter debits before credits. Date December 30, 2025 General Journal Debit Credit