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Required information The following information applies to the questions displayed below) Part 3 of 3 Tony and Suzie see the need for a fugged terrain vehicle to transport part s and supplies. They decide to purchase a used Suburban on July 1, 2022 for $13.200. They expect to use the Suburtian for five years and then sell the vehicle for $5,100. The following expenditures related to the were also made only 1 2022 The company pays $2.100 to GEICO for a one year insurance policy . The company spends an extra 54,200 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides . An additional $2.300 is spent on a deluxe roof rack and a trailer hitch The painting, roof rack, and hitch are an expected to increase the future benefits of the vehicle for Great Adventures in addition, on October 22, 2022. the company pays $1.000 for basic vehcm enance related to changing the oil replacing the windshield wipers, rotating the tires and inserting new air biter 4. Record the depreciation expense and any other adjustments related to the vehicle on December 31, 2022 fino entry is required for a transaction event, select "No Journal Entry Required in the first account field) Journal entry worksheet Record the depreciation expense for the vehicle Continuing Problem Chapters 7-12 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 $13.200 They expect to use the Suburban for five years and then sell the vehicle for $5,100. The following expenditures related to the vehicle were also made on July 1, 2022 Part 3 of 3 The company pays $2,100 to GEICO for a one year Insurance policy The company spends an extra $4,200 to repaint the vehicle, placing the Great Adventures logo on the front hood, back, and both sides An additional $2,300 Is spent on a deluxe roof rack and a trailer hitch The painting, roof rack, and hitch are all expected to increase the future benents of the vehicle for Great Adventures. In addition, on October 22, 2022, the company pays $1,000 for basic vehicle maintenance related to changing the oil, replacing the windshield wipers, rotating the tires, and inserting a new a filter 4. Record the depreciation expense and any other adjustments related to the vehicle on December 31, 2022 (if no entry is required for a transaction/event, select "No Journal Entry Required in the rst account field.) View transaction list Journal entry worksheet Record the expiration of prepaid insurance Note: Enter debit before Credit Dec 31, 2022
