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 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 $1,2025,$ Great Adventures purchased the land by issuing a $$580,000,6\%,10-$year installment note to the seller. Payments of $$6,439$ are required at the end of each month over the life of the $10-$year loan. Each monthly payment of $$6,439$ 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$\text{'}$m expectingl"

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Journal$]],\backslash$table$[[$General$],[$Ledger$]],$Trial Balance,$\backslash$table$[[$Income$],[$Statement$]],$Balance Sheet$]]$

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$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[i,1,$November $01,$Land,$580,000,],[,,$Notes Payable $($Long$-$term$),,580,000],[,,,.,],[i,2,$November $30,$Interest Expense,$2,900,],[,,$Notes Payable $($Long$-$term$),3,539,],[,,$Cash,,$6,439],[,,,,],[i,3,$December $31,$Interest Expense,$2,882,],[,,$Notes Payable $($Long$-$term$),3,557,],[,,$Cash,,$6,439],[i,4,$December $31,$Notes Payable $($Long$-$term$),44,096,],[,,$Notes Payable $($Current$),,44,096],[$i$,5,$December $31,$Sales Revenue,$128,000,],[,,$Sales Discounts,$390,],[,,$Service Revenue,,$44,900],[,,$Interest Revenue,,$200]]$