1 Part 1 of 3 Required information [The following information applies to the questions displayed below.) Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1, 2022, for $13,000. They expect to use the Suburban for five years and then sell the vehicle for $5,000. The following expenditures related to the vehicle were also made on July 1, 2022: 10 points Skipped The company pays $2,050 to GEICO for a one-year insurance policy. The company spends an extra $4,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additional $2,250 is spent on a deluxe roof rack and a trailer hitch. eBook Print The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22, 2022, the company pays $900 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter. References Required: 1. Record the expenditures related to the vehicle on July 1, 2022. Note: The capitalized cost of the vehicle is recorded in the Equipment account. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the expenditures related to the new vehicle. Note: Tater debits before credits Date Jul 01, 2022 General Journal Debit Credit Journal entry worksheet Record the expenditures related to the new vehicle. Note: Enter debits before credits. Date General Journal Debit Credit Jul 01, 2022 Record entry Clear entry View general Journal Required information [The following information applies to the questions displayed below.) Tony and Suzie see the need for a rugged all-terrain vehicle to transport participants and supplies. They decide to purchase a used Suburban on July 1, 2022, for $13,000. They expect to use the Suburban for five years and then sell the vehicle for $5,000. The following expenditures related to the vehicle were also made on July 1, 2022: The company pays $2,050 to GEICO for a one-year insurance policy. The company spends an extra $4,000 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides. An additional $2,250 is spent on a deluxe roof rack and a trailer hitch. The painting, roof rack, and hitch are all expected to increase the future benefits of the vehicle for Great Adventures. In addition, on October 22, 2022, the company pays $900 for basic vehicle maintenance related to changing the oil replacing the windshield wipers, rotating the tires, and inserting a new alr filter. 3. Prepare a depreciation schedule using the straight-line method. GREAT ADVENTURES End of Year Amounts Depreciation Accumulated Expense Depreciation Book Value Year 2022 2023 2024 2025 2026 2027 Total $ 0 View transaction list Journal entry worksheet 1 2 Record the depreciation expense for the vehicle. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2022 Record entry Clear entry View general journal