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 tumed 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 Novenber 5 Issue an additional 100, 000 shares of comson stock for sso per share. Hovenber 16 Purchase 10,000 shares of Its oin comen stock (1.e., treasury stock) for s15 per share Hoveober 24 llesell 4,000 shares of treasury stock at $16 per share. Deceaber 1 Declare a cash dividend on its conton stock of $11,440 (\$0.16 per share) to all atockholders of record on Decenber 15 . Becenber 20 Pay the cash dividend declared on Deceaber 1 . Decenber 30 Pay 5800,000 for construction of nev cobins and other tacilities. the entire expentiture is recorded in the bufldings GREAT ADVENTURES, INCORPORATE) Balance Sheel December 31,2025 Prey 1 of 1 Wext Income Statement 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 tumed 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 Novenber 5 Issue an additional 100, 000 shares of comson stock for sso per share. Hovenber 16 Purchase 10,000 shares of Its oin comen stock (1.e., treasury stock) for s15 per share Hoveober 24 llesell 4,000 shares of treasury stock at $16 per share. Deceaber 1 Declare a cash dividend on its conton stock of $11,440 (\$0.16 per share) to all atockholders of record on Decenber 15 . Becenber 20 Pay the cash dividend declared on Deceaber 1 . Decenber 30 Pay 5800,000 for construction of nev cobins and other tacilities. the entire expentiture is recorded in the bufldings GREAT ADVENTURES, INCORPORATE) Balance Sheel December 31,2025 Prey 1 of 1 Wext Income Statement
