Saved 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 os he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, "Tve always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place on November 1 2022, Great Adventures purchased the land by issuing a $900.000,6%, 10-year Installment note to the seller. Payments of $9,992 are required at the end of each month over the life of the 10-year loan Eoch monthly payment of $9.992 includes both interest expense and principal payments (le, 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 something else I need to tell you. I'm expecting!" They decided right then, if it was a boy, they would name him Venture, Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) The 12 monthly payments in 2023 (following year) will reduce the note's balance by an additional $68,424. Record the reclassification of this amount from long-term notes payable to current notes payable.