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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 $1million, 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 ralse 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 Suzle 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 Insue an additional 104,000 shares of comson atock for $10 per ahare, November 16 Purchase 10,400 nhares of its own common stoek (1.e., treasury atock) for $17 per share. November 24 Renell 4,400 shares of treasury steek at $18 per share. Decenber 1 Declare a cash dividend on 1 ta eommon atock of $11,800 (\$0,10 per share) to al1 stoekholders of record on December 15 . Decenber 20 Pay the cash dividend declared on Decenber 1. December 30 pay 5810,000 for construetion of new cabins and other faclitites. The entire expenditure in recorded in the bulidingn-nccount. Journal entry worksheet Record the issue of additional 104,000 shares of common stock for $10 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 10,400 shares of its own common stock (i.e., treasury stock) for $17 per share. Note: Enter debits before credits. Journal entry worksheet 1 5 6 7 8 Record the resale of 4,400 shares of treasury stock at $18 per share. Note: Enter debits before credits. Journal entry worksheet (1) 2 6 8 Record the declaration of $11,800 ( $0.10 per share) cash dividend on its common stock to all stockholders of record on December 15. Note: Enter debits before credits. Journal entry worksheet (1) 2 Record the entry on December 15, the date of record. Note: Enter debits before credits. Journal entry worksheet (1) 2 (4). 5 7 Record the payment of cash dividend declared on December 1. Note: Enter debits before credits. Journal entry worksheet 1 2 3 4 5 8 9 Record the payment of $810,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Note: Enter debits before credits

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