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, 2025, Great Adventures purchased the land by issuing a $880,000,6%,10-year installment note to the seller. Payments of $9,770 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $9,770 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!" Journal entry worksheet Record the issuance of the long-term note payable for the purchase of land on November 1, 2025. Note: Enter debits before credits. Journal entry worksheet Record the first monthly payment on the long-term note payable, made on November 30, 2025. Note: Enter debits before credits. Journal entry worksheet Record the second monthly payment on the long-term note payable, made on December 31, 2025. Note: Enter debits before credits. Journal entry worksheet The 12 monthly payments in 2026 (following year) will reduce the note's balance by an additional $66,904. Record the reclassification of this amount from long-term notes payable to current notes payable. Note: Enter debits before credits. Journal entry worksheet