Tony and Suzie have purchased land for a new camp. Now they need money to build...

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Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes 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 risky. 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, 2024, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2025: November 5 Issue an additional 132,000 shares of common stock for $10 per share. November 16 Purchase 13,200 shares of its own common stock (i.e., treasury stock) for $31 per share. November 24 Resell 7,200 shares of treasury stock at $32 per share. December 1 Declare a cash dividend on its common stock of $14,600 ($0.10 per share) to all stockholders of record on December 15. December 20 Pay the cash dividend declared on December 1, December 30 Pay $880,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. View transaction list 1 Record the issue of additional 132,000 shares of common stock for $10 per share. 2 Record the purchase of 13,200 shares of its own common stock (i.e., treasury stock) for $31 per share. 3 Record the resale of 7,200 shares of treasury stock at $32 per share. 4 Record the declaration of $14,600 ($0.10 per share) cash dividend on its common stock to all stockholders of record on December 15. 5 Record the entry on December 15, the date of record. Note: = journal entry has been entered Record entry Clear entry E View 5 Record the entry on December 15, the date of record. Record the payment of cash dividend declared on December 1. 7 Record the payment of $880,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. 8 Record the entry to close the revenue accounts. 9 Record the entry to close the expense accounts. 10 Record the entry to close the dividends account. Note: = journal entry has been entered Net Sales Gross Profit Operating Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Period Ended December 31, 2025 $ Total Operating Expenses Operating Income (Loss) 0 0 0 0 0 0 $ 0 + 0 0 0 0 0 0 0 0 0 0 0 0 0 0 unadjusted Assets Current Assets: GREAT ADVENTURES, INCORPORATED Balance Sheet December 31, 2025 Liabilities Current Liabilities: $ 0 0 0 0 O 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 Total Current Assets 0 Total Liabilities 0 Stockholders' Equity Long-term Assets: 0 0 0 0 Total Assets 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity Income Statement Balance Shint 0 0 Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes 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 risky. 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, 2024, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2025: November 5 Issue an additional 132,000 shares of common stock for $10 per share. November 16 Purchase 13,200 shares of its own common stock (i.e., treasury stock) for $31 per share. November 24 Resell 7,200 shares of treasury stock at $32 per share. December 1 Declare a cash dividend on its common stock of $14,600 ($0.10 per share) to all stockholders of record on December 15. December 20 Pay the cash dividend declared on December 1, December 30 Pay $880,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. View transaction list 1 Record the issue of additional 132,000 shares of common stock for $10 per share. 2 Record the purchase of 13,200 shares of its own common stock (i.e., treasury stock) for $31 per share. 3 Record the resale of 7,200 shares of treasury stock at $32 per share. 4 Record the declaration of $14,600 ($0.10 per share) cash dividend on its common stock to all stockholders of record on December 15. 5 Record the entry on December 15, the date of record. Note: = journal entry has been entered Record entry Clear entry E View 5 Record the entry on December 15, the date of record. Record the payment of cash dividend declared on December 1. 7 Record the payment of $880,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. 8 Record the entry to close the revenue accounts. 9 Record the entry to close the expense accounts. 10 Record the entry to close the dividends account. Note: = journal entry has been entered Net Sales Gross Profit Operating Expenses: GREAT ADVENTURES, INCORPORATED Income Statement For the Period Ended December 31, 2025 $ Total Operating Expenses Operating Income (Loss) 0 0 0 0 0 0 $ 0 + 0 0 0 0 0 0 0 0 0 0 0 0 0 0 unadjusted Assets Current Assets: GREAT ADVENTURES, INCORPORATED Balance Sheet December 31, 2025 Liabilities Current Liabilities: $ 0 0 0 0 O 0 0 0 0 0 0 0 0 0 0 0 Total Current Liabilities 0 0 0 0 0 Total Current Assets 0 Total Liabilities 0 Stockholders' Equity Long-term Assets: 0 0 0 0 Total Assets 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity Income Statement Balance Shint 0 0