Tony and Suzie have purchased land for a new camp. Now they need money to bulid the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzle 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 5 uzie 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 116, 000 shares of common stock for s10 per share. Novenber 16 Purchase 11,680 shares of its own conmon stock (1.e., treasury steck) for $23 per-share. November 24 fesell 5,600 shares of treasury stock at $24 per share. December 1 Declare a cash dividend on its comen stock of $13,000 (\$e.10 per share) to all stockholders of record on Decenber 15. Decenber 20 pay the cash dividend declared on Decenber 1. Decenber 30 Pay 5840,890 for construction of now cabins and other facilities. The entire expenditure is recorded in the Butlding: account. The balance sheet is the accounting equation: Assets - Uabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted or post-closing balances will appear for each account, based on your selection. Journal entry worksheet 1 2 3 6 Record the entry on December 15 , the date of record. Note: Enter debits before credits. Journal entrv worksheet Note: Enter debits before credits. Inurnal entrv worksheet Note: Enter debits before credits. Note: Enter debits before credits. Choose the appropriate accounts to be reported on the income statement. The unadjusted or p for each account, based on your selection. The balance sheet is the accounting equation: Assets = Llabilities + Equity. Each asset and liability account is reported separ: the balance sheet. The unadjusted or post-closing balances will appear for each account, based on your selection. In tre tirst account ries.) View transaction list Vlew journal entry worksheet