RWP10 1 (Algo) Great Adventures Continuing Case Skip to question 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 130,000 shares of common stock for $10 per share November 16 Purchase 13,000 shares of its own common stock (i e , treasury stock) for $30 per share November 24 Resell 7,000 shares of treasury stock at $31 per share December 1 Declare a cash dividend on its common stock of $14,400 ($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 $875,000 for construction of new cabins and other facilities The entire expenditure is recorded in the Buildings account Record the issue of additional 130,000 shares of common stock for $10 per share Note Enter debits before credits Date General Journal Debit Credit November 05, 2025 Record the purchase of 13,000 shares of its own common stock (i e , treasury stock) for $30 per share Note Enter debits before credits Date General Journal Debit Credit November 16, 2025 Record the resale of 7,000 shares of treasury stock at $31 per share Note Enter debits before credits Date General Journal Debit Credit November 24, 2025 Record the declaration of $14,400 ($0 10 per share) cash dividend on its common stock to all stockholders of record on December 15 Note Enter debits before credits Date General Journal Debit Credit December 01, 2025 Record the entry on December 15, the date of record Note Enter debits before credits Date General Journal Debit Credit December 15, 2025 Record the payment of cash dividend declared on December 1 Note Enter debits before credits Date General Journal Debit Credit December 20, 2025 Record the payment of $875,000 for construction of new cabins and other facilities Note Enter debits before credits Date General Journal Debit Credit December 30, 2025 RWP10 1 (Algo) Great Adventures Continuing Case Part 2 2 Great Adventures has net income of $40,944 in 2025 Retained earnings at the beginning of 2025 was $34,950 Prepare the stockholders equity section of the balance sheet for Great Adventures as of December 31, 2025 (Amounts to be deducted should be indicated with a minus sign )

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RWP10-1 (Algo) Great Adventures Continuing Case Skip to question [The following information applies to the questions displayed below.] Tony and Suzie have purchased land for

RWP10-1 (Algo) Great Adventures Continuing Case

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[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 130,000 shares of common stock for $10 per share.
November 16	Purchase 13,000 shares of its own common stock (i.e., treasury stock) for $30 per share.
November 24	Resell 7,000 shares of treasury stock at $31 per share.
December 1	Declare a cash dividend on its common stock of $14,400 ($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 $875,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account.

Record the issue of additional 130,000 shares of common stock for $10 per share.