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 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:

November 5	Issue an additional 100,000 shares of common stock for $10 per share.
November 16	Purchase 10,000 shares of its own common stock (i.e., treasury stock) for $15 per share.
November 24	Resell 4,000 shares of treasury stock at $16 per share.
December 1	Declare a cash dividend on its common stock of $11,400 ($0.10 per share) to all stockholders of record on December 15.
December 20	Pay the cash dividend declared on December 1.
December 30	Pay $800,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account.

1: Record the issue of additional 100,000 shares of common stock for $10 per share.

2: Record the purchase of 10,000 shares of its own common stock (i.e., treasury stock) for $15 per share.

3. Record the resale of 4,000 shares of treasury stock at $16 per share.

4. Record the declaration of $11,400 ($0.10 per share) cash dividend on its common stock to all stockholders of record on December 15.

5. Record the entry on December 15, the date of record.

6. Record the payment of cash dividend declared on December 1.

Record the payment of cash dividend declared on December 1.

7. Record the payment of $800,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account.

8. Record the entry to close the revenue accounts

9. Record the entry to close the expense accounts.

10. Record the entry to close the dividends account.