You received partial credit in the previous attempt Great Adventures Problem AP9-1 (GL) 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 $660,000,6%, 10-year installment note to the seller. Payments of $7,327 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $7,327 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 Entry Required in the first account field.) View transaction list Journal entry worksheet 1 @ @ @ @ @ Record the issuance of the long-term note payable for the purchase of land on November 1, 2022. Note: Enter debits before credits Prepare the journal entries for transactions. (If no entry is required for a particular transaction/e in the first account field.) View transaction list Journal entry worksheet re to search oft e AM You received partial credit in the previous attempt Deferred Revenue Income Tax Payable Debit Credit No. Debit Credit Date Nov 01 Balance 15,300 Date Nov 01 Balance 6,600 Notes Payable (Current) Notes Payable (Long-term) No. Date Debit Credit 1 No. Date Debit Credit Balance 14,000 (36,178) Balance 21,600 71,778 Dec 31 50,178 - 4 Dec 31 50,178 nces Contingent Liability Warranty Liability Debit Credit No. Debit Credit No. Date Nov 01 Balance 13,600 Date Nov 01 Balance 5,600 Common Stock Debit Credit Retained Earnings Debit Credit No. Date No. Date Balance 20.000 Balance 34,250 Service Revenue Debit Credit Sales Revenue Debit Credit No Date No. Date Balance Balance 45,300 136,000 Interest Revenue Sales Discounts Debit Credit No. Date No. Date Debit Credit Balance Balance 430 280 Cost of Goods Sold Debit Credit Depreciation Expense Debit Credit No. Date Date Balance 39,300 Balance 18.050 here to search You received partial credit in the previous attempt Supplies Expense Debit Credit No. Salaries Expense Debit Credit Date Debit Credit Balance Date No. Date Balance 900 Balance 28,000 Bad Debt Expense Debit Credit Interest Expense Debit Credit No. Date No. Date Balance 2,800 Balance 2,200 41,800 83,336 2 Nov 30 Dec 31 39,600 41,536 Rent Expense Debit Credit Income Tax Expense Debit Credit No. Date No. Date Balance 3,200 Balance 15,300 Insurance Expense Debit Credit Repairs and Maintenance Expense Date Debit Credit No. Date No. Balance Balance 6,500 560 Loss Warranty Expense Debit Credit No. Date No. Date Debit Credit Balance 5,600 Balance 13.600