1 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 $12,800. They expect to use the Suburban for five years and then sell the vehicle for $4,900. The following expenditures related to the vehicle were also made on July 1, 2022 . The company pays $2,000 to GEICO for a one-year insurance policy The company spends an extra $3,800 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both . An additional $2.200 is spent on a deluxe roof rack and a trailer hitch. sides Jook 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 $800 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new air filter NAS Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction ist View journal entry worksheet 1. 15 points Requirement General General Journal Income Ledger Trial Balance Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list View Journal entry worksheet elook Debit Credit 18,800 2.000 Print Record the expenditures related to the vehicle on July 1, 2022. Note: The capitalized cost of the vehicle is recorded in the Equipment account. 20.800 References 800 800 Record the expenditure related to vehicle maintenance on October 22, 2022 2 Record the depreciation for vehicle purchased. Use straight-line depreciation. neral Ledger > 4 Record the expiration of prepaid insurance. 5 Record the closing entry for revenue accounts. 6 Record the closing entry for expense accounts. Note: - Journal entry has been entered