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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 : Novenber 5 Issue an additional 118,000 shares of common stock for $10 per share. November 16 purehase 11,800 shares of its own common stock (1.e.t. treasury stock) for $24 per share. Novenber 24 Resell 5,800 shares of treasury itock at $25 per share. December 1 Declare a cash dividend on its conmon stock of $13,200($0,10 per share) to al1 stockholders of record on Decenber 20 Pay the cash dividend declared on December 1 . December 30 Pay $845,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Tournal entry wnrkshaat ivule: cnter aedis berore creaits, Journal entry worksheet Note: Enter debits before credits

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