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Tony s favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit
Tonys favorite memories of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, Ive always wanted to start a camp where families could get away and spend some quality time together. If we just had the money, I know this would be the perfect place. On November Great Adventures purchased the land by issuing a $year installment note to the seller. Payments of $ are required at the end of each month over the life of the year loan. Each monthly payment of $ includes both interest expense and principal payments ie reduction of the loan amount
Late that night, Tony exclaimed, We now have land for our new camp; this has to be the best news ever! Suzie said, Theres something else I need to tell you. Im expecting! Prepare a classified balance sheet as of December Choose the appropriate accounts to complete the company's balance
sheet. The unadjusted or postclosing balances will appear for each account, based on your selection.
Unadjusted
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