Accounting problem 7

Complete this question by entering your answers in the tabs below. Calculate the remaining balance of the note payable as of December 31,2025 . RWP9-1 (Algo) Great Adventures Continuing Case 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 plece of property for sale. He turned to Suzle and said, T've always wanted to start a camp where families could get away and spend some quality time togethet: If we fust had the money, I know this would be the perfect place: On November 1, 2025, Great Adventures purchased the land by issuling a $420,000,6%, 10-year instaliment note to the selier. Payments of $4,663 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $4,663 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 everl" Suzie said, "There's something eise I need to tell you. I'm expecting!" Required: Required: 1. Complete the first three fows of on amortization schedule 2. Record the purchase of land with the issuance of a long-term note payable on November 1, 2025 3-a. Record the first two payments on November 30, 2025, and December 31, 2025, 3b. Calculate the remaining balance of the note payable as of December 31,2025 of this amount from Notes Payable (long-term) to Notes Payable (current). Record the monthly payment in December. Enter debits before credits. Complete this question by entering your answers in the tabs below. Complete the first three rows of an amortization schedule. (Do not round your intermedia to the nearest dollar amount.) Record the monthly payment in November. Note: Enter debits before credits. Record the reclassification of long term note. Note: Enter debits before credits. Record the purchase of land with the issuance of a long-term note payable. Note: Enter debits before credits