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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

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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 logged along a nature trail and came across a wonderful piece of property for sale. He turned to Suzie and said, "Tve 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 $560,000,6% 10 year Installment note to the seler. Payments of $6,217 are required at the end of each month over the life of the 10 year loan. Each monthly payment of $6.217 includes both interest expense and principal payments (le, 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, Required: 1. Complete the first three rows of an amortization schedule Date Change in Cash Paid Interest Expense Value Carrying Vale Carrying Value 11/01/2022 11/30/2022 12/31/2022 2. & 3. Record the purchase of land with the issuance of a long-term note payable on November 1, 2022, and the first two payments on November 30, 2022. and December 31, 2022, and calculate the remaining balance of the note payable as of December 31, 2022. (If no entry is required for a particular transaction, select "No Journal Entry Required in the first account field.) View branso lest Journal entry worksheet ( 1 2 3 Record the issuance of note payable. Note Enter before the Date General Journal Debit Credit November 01 2027 2. & 3. Record the purchase of land with the issuance of a long term note payable on November 1, 2022, and the first two payments on November 30, 2022. and December 31, 2022. and calculate the remaining balance of the note payable as of December 31, 2022. If no entry is required for a particular transaction, select "No Journal Entry Required in the first account field.) View in it Journal entry worksheet 1 2 3 Record the monthly payment. Note: Enter debits before credite General Journal Debit Credit Date November 30, 2032 cy View general journal 2. & 3. Record the purchase of land with the issuance of a long-term note payable on November 1, 2022, and the first two payments on November 30, 2022, and December 31, 2022. and calculate the remaining balance of the note payable as of December 31, 2022 (if no entry is required for a particular transaction, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet

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