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, "I'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 $720,000, 6%, 10-year installment note to the seller. Payments of $7,993 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $7.993 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 ever!" Suzie 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. Journal entry worksheet Record the first monthly payment on the long-term note payable, made on November 30, 2022. Note: Enter debits before credits. Date General Journal Debit Credit Nov 30 Record entry Clear entry View general journal Journal entry worksheet Record the second monthly payment on the long-term note payable, made on December 31, 2022. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet