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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 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 (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. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 Record the issuance of the long-term note payable for the purchase of land on November 1, 2022. Note: Enter debits before credits. Date General Journal Debit Debit Credit Nov 01 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journa in the first account field.) View transaction list Journal entry worksheet Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare a classified balance sheet as of December 31, 2022. Choose the appropriate accounts to complete the company's sheet. The unadjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Dates: Nov 01 - to: Dec GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Long-term Liabilities Total Current Liabilities Long-term Liabilities Total Current Assets Total liabilities Stockholders' Equity Long-term assets: Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total Assets