RWP$9-1($Algo$)$ Great Adventures Continuing Case $($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 Suzle and said"I've always wanted to start a camp where families could get away and spend some quality time togetherIf we just had the moneyI know this would be the perfect placeOn November $1,2025,$ Great Adventures purchased the land by Issuing a $$720,000,6\%10-$year Installment note to the seller. Payments of $$7\mathrm{.}993$ are required at the end of each month over the life of the $10-$year loan. Each monthly payment of $$7,993$ Includes both Interest expense and principal payments $($reduction of the loan amount$).$ Late that nightTony exclaimed"We now have land for our new campthis has to be the best news everSuzie said"There's something else need to tell youI'm expecting $"$ Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet $1.$ Record each of the transactions listed above in the General Journaltab $.$ Review the 'General Ledgerand the Trial Balancetabs to see the effect of the transactions on the account balances $.2.$ Prepare an income statement for the period ended December $31,2025,$ in the Income Statementtab. $3.$ Prepare a classified balance sheet as of December $31,2025$ in the Balance Sheettab. $4.$ Record the closing entries in the 'General Journaltab. General JournalTony's fovorte memonles of mis chlldhood were the times he spent with his dad at camp. Tony was daydreaming of those days a brt os

he and suzle jogged akng e nature trall and came across a wonderful plece of property for sale. He turned to Suzle and sold. "Tve

always wanted to start a comp where familles 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 $1,2025,$ Great Adventures purchosed the land by issuing a $$720,000,6\%,10-y$ ear

installment note to the sellet. Payments of $$7,993$ are required at the end of each month over the life of the $10-$year loan. Each monthly

paytnent of $$7,993$ indudes bath interest expense and principal payments $($I$.$e$.,$ reduction of the loan amount$).$

Late that night, Tony exclamed, $"$We now have land for our new camp; this has to be the best news ever!" Suzte sald. "There's

samething else I need to tell you. I$\text{'}$m expecting $$

Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial

Balance' tabs to see the effect of the transactions on the account balances.

Prepare an income statement for the period ended December $31,2025,$ in the 'Income Statement' tab,

Prepare a dassified balance sheet as of December $31,2025$ in the 'Balance Sheet' tab.

Record the dosing entries in the "General Journal' tab.