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 as he and Suzie jogged along a nature trail and came across a wonderful piece of property for sale. He tumed to Suzie and said, IVve aways wanted to start a camp where families could get away and spend some quality time together. if we just hud the money. I know this would be the perfect place." On November 1, 2022, Great Adventures purchased the land by issuing a $640,000,6%, 10-year installment note to the seller. Payments of $7,105 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $7,105 includes both interest expense and principal payments (l.e, 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 everl" Suzie said. "There's something eise I need to tell you. Fim expectingl" They decided right then, If it was a boy, they would name him Venture. Journal entry worksheet Record the issuance of the long-term note payable for the purchase of land on November 1,2022. Note: Enter debits before credits, Journal entry worksheet 6 Record the first monthly payment on the long-term note payable, made on November 30, 2022. Noto: Enker doti ts beforo croditi Journal entry worksheet Record the second monthly payment on the long-term note payable, made on December 31,2022. Note: Enter debits before credits. Journal entry worksheet