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 furmed 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 1, 2022, Great Adventures purchased the land by issuing a $820,000,6%, 10-year installment note to the seller. Payments of $9,104 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,104 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 evert" Suzle said, "There's something else I need to tell you. I'm expecting!" They decided right then, if it was a boy, they would name him Venture. Prepare the Journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 Record the second monthly payment on the long-term note payable, made on December 31, 2022. Note: Enter debits before credits. Journal entry worksheet 1 Prepare the closing entry for revenue accounts. Note: Enter debits before credits. Prepare the closing entry for expense and loss accounts. Note: Enter debits before credits. 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 turned to Suzie and said, "lve always wanted to start a camp where familles 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 1, 2022, Great Adventures purchased the land by issuing a $820,000,6%,10-year installment note to the seller. Payments of $9,104 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,104 includes both interest expense and principal payments (i.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 everi" Suzie said, "There's something else I need to tell you. I'm expectingl" They decided right then, If it was a boy, they would name him Venture. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field,) Tony's favorite memorles of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzle jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, "T've 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 1, 2022, Great Adventures purchased the land by issuing a $820,000,6%,10-year instaliment note to the seller. Payments of $9,104 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9.104 includes both interest expense and principal payments (i.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 else I need to tell you. I'm expectingl" They decided right then, If it was a boy, they would name him Venture. Prepare the Journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account feld.) 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 furmed 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 1, 2022, Great Adventures purchased the land by issuing a $820,000,6%, 10-year installment note to the seller. Payments of $9,104 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,104 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 evert" Suzle said, "There's something else I need to tell you. I'm expecting!" They decided right then, if it was a boy, they would name him Venture. Prepare the Journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 Record the second monthly payment on the long-term note payable, made on December 31, 2022. Note: Enter debits before credits. Journal entry worksheet 1 Prepare the closing entry for revenue accounts. Note: Enter debits before credits. Prepare the closing entry for expense and loss accounts. Note: Enter debits before credits. 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 turned to Suzie and said, "lve always wanted to start a camp where familles 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 1, 2022, Great Adventures purchased the land by issuing a $820,000,6%,10-year installment note to the seller. Payments of $9,104 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,104 includes both interest expense and principal payments (i.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 everi" Suzie said, "There's something else I need to tell you. I'm expectingl" They decided right then, If it was a boy, they would name him Venture. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field,) Tony's favorite memorles of his childhood were the times he spent with his dad at camp. Tony was daydreaming of those days a bit as he and Suzle jogged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, "T've 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 1, 2022, Great Adventures purchased the land by issuing a $820,000,6%,10-year instaliment note to the seller. Payments of $9,104 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9.104 includes both interest expense and principal payments (i.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 else I need to tell you. I'm expectingl" They decided right then, If it was a boy, they would name him Venture. Prepare the Journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account feld.)
