RWP9-1 (Algo) Great Adventures Continuing Case Tony's favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzle and said, "lve always wanted to start a camp where fomilies could get away and spend some quality time together. If we just had the money, I know this would be the peffect place." On November 1, 2025, Great Adventures purchased the land by issuing a 5460,000,6%,8-year instaliment note to the seller. Payments of $6,045 are required at the end of each month over the life of the 8 -year loan. Each monthly payment of $6.045 includes both interest expense and principal payments (i.e. reduction of the loan amount). Late that night, Tony exclaimed, "We now have land for our new camp; this has to be the best news everl Suzie said, "There's Journal entry worksheet Record the reclassification of long term note. Note: Enter debits before credits