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Great Adventures Problem AP9-1 Tony's favorite memories of his chlidhood 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 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 $480,000,6%,10-year installment note to the seller. Payments of $5,329 are required at the end of each month over the life of the 10-year loan. Each monthly payment of $5,329 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" Suzle said, "There's something else I need to tell you. I'm expectingl" They decided right then, if it was a boy, they would name him Venture. Required: 1. Complete the first three rows of an amortization schedule. 2. \& 3. Record the purchase of land with the issuance of a long-term note payable on November 1,2022 , and the first two payments on November 30,2022 , and December 31, 2022, and calculate the remaining balance of the note payable as of December 31,2022 . (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3 Record the issuance of note payable. Note: Enter tebits before credits. 2. \& 3. Record the purchase of land with the issuance of a long-term note payable on November 1,2022 , and the first two payments on November 30,2022 , and December 31,2022 , and calculate the remaining balance of the note payable as of December 31,2022 . (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3. 2. \& 3. Record the purchase of land with the issuance of a long-term note payable on November 1,2022 , and the first tv November 30,2022 , and December 31, 2022, and calculate the remaining balance of the note payable as of December no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 Record the monthly payment. Note: Enter debits before credits

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