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Tony and Suzle have purchased land for a new camp. Now they need money to build the cabins, dining facilify; a ropes course, and an

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Tony and Suzle have purchased land for a new camp. Now they need money to build the cabins, dining facilify; a ropes course, and an outdoor swimming pool, Tony and Suzie first checked with Summit Bank to see if they could borrow an additional \$t million. but unfortunately the bank turned them down as too tishy. 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 ra se 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 trantactions alfect stockholders' equity during the remainder of 2025 : Novenber 5 Issue an additional 116,000 shares of conmon stock for 510 per sbare. November 16 Purchase 11,600 shares of its own cotmon stock (1.e., treasury stock) for sal per share. November 24 Resel1 5,600 shares of treasury stock at $24 per share. December 1 Declare a cash dividend on its conton stock of $3, 000 (50.10 per share) to ali stockholders of recoraten Dectater 15, Deceatber 20 Pay the cash dividend declared on Deceeber 1. Decenber 30 Pay 5640 , e0e for construction of bew cabins and other facilities. The entire expendtare is cecorded in thir hiliting account. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'Generat Lether' and the "Thal Baiance' tabs to see the effect of the transactions on the account balances. 2. Revlew the 'Trial Balance' as of December 31, 2025, in the 'Trial Balance' tab, 3. Prepare a multiple-step income statement for the period ended December 31,2025 , in the 'Income staternent tath. 4. Prepare a classifted balance sheet as of December 31, 2025, in the 'Batance Sheet' tab. 5. Record the closing entries in the 'General Joumal' tab. Journal entry worksheet 467810 Record the issue of additional 116,000 shares of common stock for $10 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 11,600 shares of its own common stock (1.e., treasury stock) for $23 per share. Note: Enter debits before credits. Journal entry worksheet 56789 Record the resale of 5,600 shares of treasury stock at $24 per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of $13,000 ( $0.10 per share) cash dividend on its common stock to all stockholders of record on December 15. Note: Enter debits before credits. Journal entry worksheet

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