Question: could you help me do the closing enteries and the balance sheet. will thumbs up:) 21 Tony and Suzle have purchased land for a new




could you help me do the closing enteries and the balance sheet. will thumbs up:)
21 Tony and Suzle have purchased land for a new camp. Now they need money to build the cabins, dining facility, a topes course, and an outdoor swimming pool Tony and Suzie first checked with Summit Bank to see if they could borrow an additional $1 million, but unfortunately the bank turned them down as too rlsky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021, Tony and Suzie each purchased 10,000 shares (20,000 shares total of 1 por volue common stock at si per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 118,000 shares of common stock for $10 per share November 16 Purchase 11,800 shares of its own connon stock (1.9., treasury stock) for $24 per share. November 24 Resell 5,800 shares of treasury stock at $25 per share December 1 Declare a cash dividend on its common stock of $13,200 (30.10 per share) to all stockholders or record on December 15. December 20 Pay the cash dividend declared on December 1. December 31 Pay $845, ee for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings Art General Journal Debi Credit 1 Nov 05 Cash 1,180,000 Common Stock Additional Paid-in Capital OO 2 Nov 16 Treasury Stock Cash 283,200 283,200 3 Nov 24 145,000 Cash Treasury Stock Additional Paid-in Capital >> 4 Dec 01 Dividends Dividends Payable 13,200 13,200 5 Dec 20 Dividends Payable Cash 13, 200 13,200 6 Dec 30 Buildings Cash 845,000 O 845,000 Dec 31 3 Sales Revenue Service Revenue 145,000 5 Dec 20 Dividends Payable Cash 13,200 13,200 6 6 Dec 30 Buildings Cash 845,000 845,000 7 7 Dec 31 145,000 Sales Revenue Service Revenue 8 Dec 31 Retained Earnings Supplies Expense Depreciation Expense Salaries Expense Bad Debt Expense Rent Expense Interest Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Journal entry worksheet > 4 Dec 01 Dividends Dividends Payable 13,200 13,200 5 Dec 20 Dividends Payable Cash 13, 200 13,200 6 Dec 30 Buildings Cash 845,000 O 845,000 Dec 31 3 Sales Revenue Service Revenue 145,000 5 Dec 20 Dividends Payable Cash 13,200 13,200 6 6 Dec 30 Buildings Cash 845,000 845,000 7 7 Dec 31 145,000 Sales Revenue Service Revenue 8 Dec 31 Retained Earnings Supplies Expense Depreciation Expense Salaries Expense Bad Debt Expense Rent Expense Interest Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Journal entry worksheet
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