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 Suzie first checked with Summit Bank to see if they could borrow an additional $1milli on, 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 ralse 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 Suzle each purchased 10,000 shares (20,000 shares totai) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2025 : Hovenber ' 5 Issue an additional 112,000 aharea of comon atoek tor $10 per ahare. Hovember 16 purchase 11,200 aharen of its om coshon atook (1.6.. treasury atook) for s21 per share. Novenber 24 Renell 5,200 ahares of treasury atoek at $22 per ohare. December 1 Declare a cash dividend on itn comon atoek of 512,500 (50.10 per share) to all stockholders of record on Decenber 15. December 20 Pay the eanh dividend declared on Decenber 1. Decenber 30 Pay $530,000 for construction of nev cabins and other focilitien. The entire expenditure is recorded in the Buildinge account. Prepare the journal entries for transactions. (if no entry is required for a particular transaction/event, select "No Joumal Entry Required" in the first account field.) Tony and Suzle 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 millon, 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 ralse 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 foliowing transactions affect stockholders' equity during the remainder of 2025 : November 5 Yasue an additional 112,000 whares of connon atoek for $10 per share. Novenber 16 purchase 11,200 whares of its ovn comon atock (1.e., treasury atock) for 521 per ahare. November 24 Nesel1 5,200 mharen of treanury atoek at $22 per nhare. December 1 Declare a canh dividend on 1ta comon atock of 512,600 (\$0.10 per share) to al1 atoekholders of record on December 15 . December 20 pay the eaeh dividend deelared on Decenber 1 . decenber 30 Pay $130,000 for construetion of new cabins and other facilitien. The entire eapenditure is recerded in the Duildings account. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, seiect "No Joumal Entry Required" in the first account field.) 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 Suzle each purchosed 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 : Woveeber $ Iosue an additional 112,000 whares of comnon stock for $10 per ahare. Wovember 16 Purchane 11,200 aharen of ita ovn cosmon ntock (1.e., treasury stock) for s21 per share. Hovenber 24 Rese11 5,200 ehares of trenaury atock at $22 per share. Deceaber 1 beclare a cash dividend on its comon stock of $12,600 ( $0.10 per ahare to all atockboldera of record on Decenber 15 . Decenber 20 Pay the canh dividend declared on Decenber 1. oeceaber 30 Pay 5830,000 for conotruction of nev cabins and other facilities. The entire expenditure in recorded in the llulldings aceount. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journat Entry Required" in the first account field.) Tocy and Surle have purchased land for a new camp. Now they need money to bulld 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 milition, 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 reise the additional funds for the camp Great Adventures has authorited $1 par value common stock. When the company began on July 1, 2024. Tony and Suzle each purchased 10,000 shares 20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equily during the remainder of 2025 : Nivvenber 16 Purehase 11,200 shares of its ovm conmon atoek (1. t... treasiry atoek) for 521 per ahare. Koreaber 24 Aesel1 3,260 aharen of treasury ntock at $22 per share- percaber 1 beclare " canh dividend on ito cemon atock of 512,660(50.10 per ahare) to al1 wtockboldera of record as Decentier is. Duicenber-20 pay the eash dividend deciared on pecenber 1 , pecenber 36. Fuy 3130,000 for construetion of nev cabing and other faeilitiou. The entire expenditure in recorded is the Habliding acoognt. Choose the appropriate accounts to be reported on the income statement. The unadjusted or past-cloaing balances will appear for each account, based on your selection. Tony and Surie have purchased land for a new camp. Now they need money to buld the cabins, dining facility, a ropers course, and an outdoor swirtming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional \$t milion, 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 ahend and seli shares of stock in the company to raise the additional funds for the camp Greot Adventures has authorized 51 par value common stock. When the company began on duly 1, 2024, Tony and Surie each purchased 10,000 shares 20,000 shares total of $1 par value common stock at 51 per share. The following transactions affect stockholders' equily during the remainder of 2025 : Novenber s Invun an additional 112,000 wharen ef eonson stoek for 110 per ahare. Sovember 24 Mesel1 5,200 ahares of treasury stoeh at 822 per share- Decenber 1 Deelare in eak dividend an les cemon stoek of 112,600 (50.10 per ahare) to all atoekholdegs of reenard on pecenber is. Decueber 20 ray the eash dividenal enelared as Decenber 1. Mailiding accoint. The balance theet is the accounting equation: Assets = Labilities + Rquity. Each asset and lability account is reported separately on the balance sheet. The unediusted or pent-doaing balances will appear for each account, based on your selection