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 $520,000,6%,10-year installment note to the seller. Payments of $5,773 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $5,773 includes both interest expense and principal payments (te., 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. Journal entry worksheet Record the issuance of the long-term note payable for the purchase of land on November 1,2022. Note: Enter debits before credits. Journal entry worksheet Record the first monthly payment on the long-term note payable, made on November 30,2022 Note: Enter debits before credits. Journal entry worksheet Record the second monthly payment on the long-term note payable, made on December 31,2022. Note: Enter debits before credits. Journal entry worksheet The 12 monthly payments in 2023 (following year) will reduce the note's balance by an additional $39,534. Record the reclassification of this amount from long-term notes payable to current notes payable. Note: Enter debits before credits. Journal entry worksheet 1 2 6 Prepare the closing entry for revenue accounts. Note: Enter debits before credits. Journal entry worksheet 4 Prepare the closing entry for expense and loss accounts. Note: Enter debits before credits